Federici has a number of business and philanthropic interests in the Queens section of New York City. He owns the Parkside Restaurant, a popular Italian restaurter in Corona, Queens. He later helped run a fundraiser that netted the hospital over $100,000 in donations. In the mid-1990s, Federici came under scrutiny during a New York State Senate investigation into corruption in the N.Y.C. District Council of Carpenters and the construction of the Jacob K. Javits Convention Center in Manhattan. During this investigation, Dominick Lavacca, the longtime president of the Queens-based local, confirmed that he was a close associate of Federici.