Westchester Management Group Inc is located in Sleepy Hollow, NY. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westchester Management Group 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 09/2021, Westchester Management Group Inc generated $173.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $175.9k during the year ending 09/2021. While expenses have increased by 14.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE WESTCHESTER MANAGEMENT GROUP HAS ACQUIRED AND REHABILITATED A 7-UNIT APARTMENT BUILDING THAT NOW PROVIDES AFFORDABLE HOUSING OPPORTUNITIES FOR SLEEPY HOLLOW RESIDENTS OF LOW TO MODERATE INCOME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth M Gentile President | 35 | $47,543 | |
Sadie Steed-Howell Treasurer | 1 | $0 | |
Sandra Morales Secretary | 1 | $0 | |
Claudia Mottola Vice President | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $30,000 |
Membership dues | $0 |
Investment income | $130,035 |
Gain or Loss | $13,827 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $173,862 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $51,180 |
Professional fees and other payments to independent contractors | $750 |
Occupancy, rent, utilities, and maintenance | $115,573 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $8,399 |
Total expenses | $175,902 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $7,306 |
Other assets | $0 |
Total assets | $253,369 |
Total liabilities | $38,216 |
Net assets or fund balances | $215,153 |
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