Wmc-New York Inc

Organization Overview

Wmc-New York Inc is located in Valhalla, NY. The organization was established in 2000. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Wmc-New York Inc employed 1,544 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wmc-New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Wmc-New York Inc generated $127.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $126.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENGAGES IN ACTIVITIES THAT FURTHER SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES AND ACTIVITIES OF WESTCHESTER COUNTY HEALTH CARE CORP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WMC NEW YORK, INC. (WMC NY)'S PURPOSE IS TO ENGAGE IN VARIOUS ACTIVITIES THAT FURTHER, SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES, OPERATIONS AND ACTIVITIES OF WESTCHESTER MEDICAL CENTER, WHICH INCLUDES WESTCHESTER MEDICAL CENTER, MARIA FARERI CHILDREN'S HOSPITAL, THE BEHAVIORAL HEALTH CENTER AT WESTCHESTER, AND SUCH OTHER HOSPITALS AND HEALTH CARE FACILITIES AS MAY BE ESTABLISHED OR TO OTHERWISE BECOME PART OF WESTCHESTER MEDICAL CENTER IN THE FUTURE, AND WESTCHESTER MEDICAL CENTER FOUNDATION, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION. IN ADDITION, WMC NY IS THE HOLDER OF 100% OF THE MEMBERSHIP SHARES IN WCHCC (BERMUDA), LIMITED, A BERMUDA INSURANCE COMPANY FORMED TO SERVE AS AN OFF-SHORE CAPTIVE INSURANCE COMPANY FOR WESTCHESTER COUNTY HEALTH CARE CORPORATION (WCHCC). WMC NY IS ALSO THE SOLE MEMBER OF MID-HUDSON VALLEY STAFFCO, LLC, A PROFESSIONAL EMPLOYER ORGANIZATION. WMC NY IS ALSO THE SOLE MEMBER OF HUDSON VALLEY PROPERTY HOLDINGS LLC. WMC NY IS ALSO THE SOLE MEMBER OF CENTER FOR REGIONAL HEALTHCARE INNOVATION LLC, WHICH SERVES AS A CENTRALIZED SERVICES PROVIDER TO THE PERFORMING PROVIDER SYSTEM BEING ESTABLISHED BY WCHCC TO SERVE AS A CENTER TO EVALUATE AND IMPLEMENT BEST PRACTICES IN HEALTHCARE DELIVERY FOR THE HUDSON VALLEY REGION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Venable Llp
Legal
$155,153
Potion Design
Media Consulting
$105,546
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$127,041,581
Investment income $747,435
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$181,310
Net Gain/Loss on Asset Sales -$396,130
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $127,154,410

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