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 09/2023, Westchester Management Group Inc generated $175.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $194.0k during the year ending 09/2023. While expenses have increased by 12.1% per year over the past 8 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
2023
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 | 0 | $0 | |
Sadie Steed-Howell Treasurer | 0 | $0 | |
Sandra Morales Secretary | 0 | $0 | |
Claudia Mottola Vice Preside | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,426 |
| Total Program Service Revenue | $30,000 |
| Membership dues | $0 |
| Investment income | $62,786 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $175,212 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,780 |
| Professional fees and other payments to independent contractors | $850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $125,348 |
| Total expenses | $193,978 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,013 |
| Other assets | $0 |
| Total assets | $203,260 |
| Total liabilities | $42,397 |
| Net assets or fund balances | $160,863 |