irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0WORKERS COMPENSATION INSURANCE PROGRAM - TO PROVIDE WORKERS COMPENSATION INSURANCE COVERAGE ON A GROUP BASIS. INCOME IS CONSIDERED TO BE UNRELATED BUSINESS TAXABLE INCOME AND IS REPORTED ON FORM 990-T.
named programs · 3 · from sources
What they call their work
Lobby Day
Annual event where members meet with state legislators in Albany to advocate for policies affecting housing production, construction costs, and economic development on Long Island.
PAC (Political Action Committee)
Supports candidates at town, county, and state levels who advocate for pro-housing and pro-construction policies, amplifying the industry’s voice in government.
Workers’ Comp Group Savings Plan
Provides qualifying members with access to group workers’ compensation insurance coverage, reducing costs through collective participation.
activities · 7 groups
What they do
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Real Estate and Housing Policy Advocacy 2 activities
- Advocates for pro-housing and pro-construction policiesActs as the unified voice of the Long Island building industry by advocating before local, county, and state officials for balanced growth, economic development, environmental protection, and expanded homeownership, including through direct engagement with policymakers and regulatory bodies.
- Supports political candidates and campaignsMakes financial contributions to political campaigns at town, county, and state levels and supports candidates who prioritize housing, construction, economic development, and real estate issues on Long Island.
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Construction Industry Professional Development & Networking 1 activity
- Hosts professional development and networking eventsOrganizes monthly general membership meetings, builder breakfasts, regional East End Chapter meetings, industry seminars, expert panels, and an annual trade expo to support networking, education, and information sharing among building industry professionals.
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Energy Policy Advocacy & Research 1 activity
- Opposes all-electric building mandates without readiness assessmentAdvocates for a pause in the implementation of the All-Electric Building Mandate and All-Electric Building Act to assess impacts on electric grid readiness and housing affordability before enforcement.
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Professional Certification and Continuing Education 1 activity
- Provides continuing education and business development resourcesOffers capacity-building support through continuing education, updates on legal and regulatory changes, and resources to enhance business development, networking, and operational expertise for building industry professionals.
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Union and Association Benefit Funds 1 activity
- Provides group workers' compensation insurance coverageOffers a group-based workers' compensation insurance program to member companies in the Long Island building industry, including through a Workers’ Comp Safety Group that provides cost-saving benefits to qualifying members.
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Industry Trade Association Services 1 activity
- Provides member resources and industry communicationsSupports members with a directory, referral services, responses to public inquiries, and regular updates on policy changes, building codes, legislation, and industry trends to enhance business visibility and operational awareness.
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Uncategorized 3 activities
- Advocates for prevailing wage threshold and Public Subsidy BoardSupports maintaining the 30% public subsidy threshold and the Public Subsidy Board to allow project-specific review of prevailing wage requirements, warning that expanded mandates could increase construction costs by 30%–60% and render many projects financially unviable.
- Advocates for reform of New York’s Scaffold LawSeeks to reform New York’s Scaffold Law by replacing absolute liability with a comparative negligence standard, citing excessive insurance premiums, disproportionate impact on residential and small-to-mid-sized projects, and cost burdens passed to homeowners, renters, and taxpayers.
- Opposes mandatory fire sprinkler requirements in single-family homesOpposes mandatory installation of fire sprinkler systems in new one- and two-family homes due to cost and affordability concerns, while supporting alternative fire safety standards such as smoke and carbon monoxide detectors and modern building code enforcement.
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financials · form 990 · fy2024
revenue
Total revenue$1.74M
Contributions & grants$00%
Program service revenue$1.32M76%
Investment income$7K0%
Other revenue$415K
expenses
Total expenses$1.84M
Program expenses79%
Admin / overhead21%
Fundraising0%
Salaries & benefits$836K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.10M
Cash$258K
Investments$118K
Liabilities$847K
Net assets$256K
Liquid reserves2.5 mo
5 years on record · 2020–2024 · YoY revenue -10.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MICHAEL FLORIO | CEO | 40 | $267K |
| LOIS FRICKE | OPERATIONS D | 40 | $208K |
relationships · 8
Who they work with
- Grant Havasy of Blue and Gold Homes Partner — Chair of LIBI's Political Action Committee, leading advocacy efforts through candidate support and policy engagement.
- Internal Revenue Service Government — Files Form 990 and reports unrelated business taxable income to the IRS.
- MWBE Partner — Supports, connects, and promotes minority- and women-owned business enterprises through the LIBI Supplier Development Committee.
- NAHB Network — Receives state and national benefits through affiliation with NAHB.
- NYSBA Network — Receives state and national benefits through affiliation with NYSBA.
- New York State Builders Association Partner — Joint advocacy on delaying the All-Electric Building Act implementation.
- New York State Legislature Government — Engages with state legislators and staff during annual Lobby Day to influence housing and construction policy.
- Workers’ Comp Group Savings Plan Partner — Partnership to provide workers' compensation insurance savings for qualifying members.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Collective Risk Pooling for Cost-Effective Insurance 19 orgsmethodology: group_insurance_risk_poolingBy pooling workers compensation insurance risk across member employers, the organization reduces costs and improves affordability for individual building industry firms, because shared risk spreads financial exposure and increases bargaining power.shared approach: Collective Purchasing Power →
- Political Advocacy Through Member-Powered PAC 14 orgsmethodology: collective political givingBy consolidating member financial contributions into a political action committee, the organization amplifies its influence on pro-housing and pro-construction policies because pooled political giving increases access and leverage across multiple levels of government.shared approach: Collective Voice Amplification →
- Unified Industry Advocacy with Data and Testimony 14 orgsmethodology: data-driven policy advocacyBy combining data-driven policy analysis, direct testimony from industry professionals, and unified collective action, the organization influences legislation because personal narratives and empirical evidence increase credibility and shift policymaker perceptions of housing and construction challenges.shared approach: Collective Voice Amplification →
- Consumer Choice Over Regulatory Mandatesmethodology: consumer-choice-over-mandateBy promoting informed consumer decision-making instead of top-down regulatory mandates in residential construction, the organization supports market-based solutions because empowering individuals leads to more sustainable and acceptable outcomes than enforced standards.
- Infrastructure-First Policy Advocacymethodology: infrastructure-firstBy advocating for delays in regulatory mandates until infrastructure readiness and affordability impacts are assessed, the organization protects housing production and cost feasibility because aligning policy with system capacity prevents unintended economic disruption.