Local 522 Welfare Fund- Roofers Division
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Local 522 Welfare Fund- Roofers Division is a 501(c)(9) organization based in Brooklyn, New York, registered in 1965, with $1,687,168 in FY2024 revenue. CharityIndex grades it D.
2137 Utica Ave, Brooklyn, NY, 11234 EIN 11-1854964 Since 1965
Revenue (FY2024)
$1.7M
▲ 18.2% vs prior year
Expenses (FY2024)
$2.1M
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Local 522 Welfare Fund- Roofers Division— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating6 mo reserves · -26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Local 522 Welfare Fund- Roofers Division: 6 mo reserves · -26% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Local 522 Welfare Fund- Roofers Division— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Local 522 Welfare Fund- Roofers Division: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.2M (FY2015) to $1.7M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $319KNet assets $1.1M
Operating margin
-26.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$319K
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,687,168▲18.2% | $2,131,417▲49.2% | $1,081,646▼29.7% | $1,400,254▼25.3% | 990 |
| 2023 | $1,427,401▲3.1% | $1,428,871▼20.2% | $1,538,756▲3.8% | $1,874,350▼2.2% | 990 |
| 2022 | $1,385,099▼5.5% | $1,790,975▲35.5% | $1,483,071▼32.1% | $1,916,432▼19.5% | 990 |
| 2021 | $1,464,944▲46.9% | $1,321,897▲10.5% | $2,184,128▲8.7% | $2,380,368▲9.2% | 990 |
| 2020 | $996,990▲124% | $1,196,791▼16.1% | $2,008,886▼3.1% | $2,179,764▼2.7% | 990 |
| 2019 | $445,026▼69.1% | $1,425,932▲13.9% | $2,073,626▼31.4% | $2,241,368▼29.1% | 990 |
| 2018 | $1,438,048▼8.0% | $1,252,067▲20.5% | $3,023,775▲4.8% | $3,159,165▲5.3% | 990 |
| 2017 | $1,563,365▲158% | $1,039,315▼13.2% | $2,885,330▲25.9% | $3,001,041▲20.7% | 990 |
| 2016 | $606,649▼48.4% | $1,197,135▲30.4% | $2,292,287▼19.0% | $2,487,193▼19.6% | 990 |
| 2015 | $1,175,973 | $918,123 | $2,830,497 | $3,094,973 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Local 522 Welfare Fund- Roofers Division a legitimate nonprofit?
- Yes. Local 522 Welfare Fund- Roofers Division is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-1854964, based in Brooklyn, New York.
- What is Local 522 Welfare Fund- Roofers Division's EIN?
- Local 522 Welfare Fund- Roofers Division's Employer Identification Number (EIN) is 11-1854964.
- How much revenue does Local 522 Welfare Fund- Roofers Division report?
- Local 522 Welfare Fund- Roofers Division reported $1,687,168 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Local 522 Welfare Fund- Roofers Division have?
- CharityIndex grades Local 522 Welfare Fund- Roofers Division D, based on financial health (reserves and operating margin).
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Data for Local 522 Welfare Fund- Roofers Division (EIN 11-1854964) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.