WHES501(c)(7) · MEDIUMNAICS 713910EIN 13-1737042
Westchester Hills Golf Club
White Plains, NY · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.49M
▲ 0.8% YoY
FY23 Total Expenses
$7.65M
▲ 11.9% YoY
Operating Margin
-2.2%
revenue minus expenses ÷ revenue
Employees
12
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.5M
▲ 31.8% / 5y
Expenses
$7.7M
▲ 25.3% / 5y
Total Assets
$9.6M
▲ 114.5% / 5y
Total Liabilities
$9.5M
▲ 88.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.7M | $7.0M | $7.0M | $7.4M | $7.5M | +31.8% |
| Expenses | $6.1M | $6.7M | $6.7M | $6.8M | $7.7M | +25.3% |
| Net surplus | -$431K | $325K | $325K | $588K | -$167K | -61.2% |
| Total assets | $4.5M | $7.1M | $7.1M | $9.4M | $9.6M | +114.5% |
| Total liabilities | $5.1M | $7.4M | $7.4M | $9.2M | $9.5M | +88.0% |
| Net assets | -$601K | -$373K | -$373K | $215K | $48K | -108.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (ANTHONY JUSTIC, CARMINE LIPPOLIS, CHRIS MANNING, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $4,644,093 |
| ASSESSMENTS | $1,156,991 |
| GREENS FEES AND LESSONS | $723,976 |
| GOLF CART RENTALS | $155,172 |
| SPORTING ACTIVITIES | $47,385 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.7M
▼ $150K paid down
Net land, buildings & equipment
$8.4M
book value, net of depreciation
Facility age
30%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $88,068 |
| Insurance | $59,940 |
| Occupancy | $735,604 |
| Depreciation & depletion | $765,064 |
| Information technology | $83,180 |
| Advertising & promotion | $141,610 |
| Office expenses | $104,798 |
| Legal fees | $1,984 |
| Accounting fees | $34,575 |
| Other professional fees | $33,958 |
WFounded in 1934, Westchester Hills Golf Club reported $7.49M of revenue for FY23, at an operating margin of -2.2%. Revenue moved up 0.8% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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