PAINTING INDUSTRY FUND BUILDING CORP

EIN: 132534897

NEW YORK, NY

Total Revenue
$461,143
Total Expenses
$582,492
Total Assets
$3,329,286
Net Assets
$3,086,623
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
JOSEPH AZZOPARDI
Phone
2122552950
Tax Period
2024-01-01 to 2024-12-31

PAINTING INDUSTRY FUND BUILDING CORP, founded in 1999, is a small nonprofit that reported $461K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $582K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO PROPERTY FOR ITS TAX-EXEMPT PARENT ORGANIZATION.

Program Service Accomplishments

Program 1

THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT, NET OF EXPENSES, TO ITS PARENT ORGANIZATION, WHICH IS ITSELF TAX-EXEMPT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $459,740
Investment Income $1,403
Other Revenue $0
TOTAL REVENUE $461,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $582,492
TOTAL EXPENSES $582,492

Year-over-Year Comparison

2024 2023 Change
Revenue $461,143 $536,568 -0.1%
Expenses $582,492 $581,317 +0.0%
Net Income $-121,349 $-44,749 +1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
17
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
24
$1,626,747
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH AZZOPARDI UNION TRUSTEE 2.00
Director
$0 $176,308 $506,285
JOHN DREW UNION TRUSTEE 2.00
Director
$0 $136,082 $315,584
NICHOLAS MILAZZO UNION TRUSTEE 2.00
Director
$0 $132,814 $304,444
ANTHONY SPEZIALE UNION TRUSTEE 2.00
Director
$0 $114,464 $254,696
LEE ECK UNION TRUSTEE 2.00
Director
$0 $90,413 $188,356
MATTHEW GAETA UNION TRUSTEE 2.00
Director
$0 $22,229 $57,382
KIERAN AHERN EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN BRICE UNION TRUSTEE 2.00
Director
$0 $0 $0
PETER CAFIERO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JOHN CARUSO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JED COLDON EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ARCHIE ERBELI EMPLOYER TRUSTEE (ALT) 2.00
Director
$0 $0 $0
DINO ERBELI EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JOHN GISONDI EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JEROME HABER EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
SCOTT HABER EMPLOYER TRUSTEE (ALT) 2.00
Director
$0 $0 $0
TODD HELFRICH EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
RICHARD HENSHAW EMPLOYER TRUSTEE (ALT) 2.00
Director
$0 $0 $0
RADOMIR JELCIC EMPLOYER TRUSTEE (P) 2.00
Director
$0 $0 $0
KYLE NUGENT EMPLOYER TRUSTEE (ALT) 2.00
Director
$0 $0 $0
TODD NUGENT EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
RANDY PEARLMAN EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
GORDON ROTH EMPLOYER TRUSTEE (ALT) 2.00
Director
$0 $0 $0
BRUCE RUINSKY EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $461,143 $582,492 $3,329,286 $-121,349
2023 $536,568 $581,317 $3,448,801 $-44,749
2022 $1,276,089 $588,014 $3,579,312 $688,075
2021 $1,925,955 $503,721 $3,859,751 $1,422,234
2020 $326,225 $431,210 $1,398,027 $-104,985
2019 $321,181 $362,431 $1,488,532 $-41,250
2018 $719,996 $557,488 $1,533,715 $162,508
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