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← WMC-NEW YORK INC

Form 990 for tax year 2024

Filed by WMC-NEW YORK INC.

Totals

Total revenue
$138,448,552
Total expenses
$137,592,162
Contributions and grants received
$0
Grants paid
$950,555
Program service revenue
$138,560,831
Investment income
$62,192
Other revenue
-$174,471
Total assets, end of year
$33,345,102
Total liabilities, end of year
$40,775,251
Net assets or fund balances, end of year
-$7,430,149
Program services expenses (Part IX)
$130,686,081
Management and general expenses
$6,906,081
Fundraising expenses
$0
Program service expenses (Part III)
$130,686,081

Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ADMIN SERVICE FEES FOR AFFILIATES

    total $136,163,772 · related or exempt $136,163,772

  • 2b · Program service revenue: RENTAL REVENUE

    total $2,397,059 · related or exempt $2,397,059

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $62,172 · excluded $62,172

  • 6a · Gross rents

    real property $606,548

  • 6b · Less rental expenses

    real property $779,846

  • 6c · Rental income or loss

    real property -$173,298 · personal property $0

  • 6d · Net rental income or loss

    total -$173,298 · excluded -$173,298

  • 7a · Gross sales of assets other than inventory

    securities $12,445

  • 7b · Less cost or other basis and sales expenses

    securities $12,425

  • 7c · Gain or loss

    securities $20 · other assets $0

  • 7d · Net gain or loss

    total $20 · excluded $20

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Seminar Income

    total $86,588 · excluded $86,588

  • 11b · Other revenue: LEASE ACCOUNTING ADJUSTMENT

    total -$87,761 · excluded -$87,761

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$1,173

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $950,555 · program services $950,555

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $99,613,208 · program services $94,632,548 · management and general $4,980,660 · fundraising $0

  • 8 · Pension plan contributions

    total $3,416,721 · program services $3,245,885 · management and general $170,836 · fundraising $0

  • 9 · Other employee benefits

    total $24,010,481 · program services $22,809,957 · management and general $1,200,524 · fundraising $0

  • 10 · Payroll taxes

    total $7,937,849 · program services $7,540,957 · management and general $396,892 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $10,000 · program services $9,500 · management and general $500 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $634,132 · program services $489,597 · management and general $144,535 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $750 · program services $0 · management and general $750 · fundraising $0

  • 14 · Information technology

    total $39,244 · program services $37,282 · management and general $1,962 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $125,167 · program services $118,909 · management and general $6,258 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,812 · program services $2,671 · management and general $141 · fundraising $0

  • 20 · Interest

    total $806,992 · program services $806,992 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $43,460 · program services $40,477 · management and general $2,983 · fundraising $0

  • 24a · Other expenses: FOOD EXPENSES

    total $791 · program services $751 · management and general $40

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $400,368 · end of year $831,395

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $10,902,232 · end of year $10,045,621

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $94,929 · end of year $114,699

  • 10a · Land, buildings and equipment: cost or other basis

    $143,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $143,576

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $472,512 · end of year $489,057

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $22,383,757 · end of year $21,864,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,154,834 · end of year $16,925,464

  • 19 · Deferred revenue

    beginning of year $15,740 · end of year $136,456

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,353,283 · end of year $18,536,726

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,012,730 · end of year $5,176,605

  • 27 · Net assets without donor restrictions

    beginning of year -$8,282,789 · end of year -$7,430,149

Mission and programs · 2024

Mission

WMC NEW YORK, INC. SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 170(C)(2)(B) AND 501(C)(3) OF THE CODE, AND FOR THE PURPOSE OF ENGAGING IN VARIOUS ACTIVITIES THAT FURTHER, SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES, OPERATIONS, AND ACTIVITIES OF 1) WCHCC, WHICH INCLUDES, WESTCHESTER MEDICAL CENTER, THE BEHAVIORAL HEALTH CENTER AT WESTCHESTER, MARIA FARERI CHILDREN'S HOSPITAL, AND MIDHUDSON REGIONAL HOSPITAL, AND 2) WESTCHESTER MEDICAL CENTER FOUNDATION, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, INCLUDING, WITHOUT LIMITATION, FOR THE PURPOSE OF SERVING AS A HOLDING CORPORATION FOR ONE OR MORE OTHER FOR-PROFIT AND NOT-FOR-PROFIT CORPORATIONS, INCLUDING SPECIFICALLY, A NOT-FOR-PROFIT CAPTIVE INSURANCE CORPORATION THAT OPERATES FOR THE PURPOSE OF ACCUMULATING, HOLDING, AND OTHERWISE SERVING AS AN INSURANCE COMPANY TO BE USED TO SATISFY PROFESSIONAL LIABILITY CLAIMS AND OTHER CLAIMS.

Activities or mission (Part I)

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

  • 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.

    Expenses $130,686,081 · Grants $950,555 · Revenue $138,560,831

As filed on the 2024 return.

Listed in Part VII

  • John Morgan

    EXECUTIVE DIRECTOR

    Total calculated
    $874,531
    From this org
    $0
    From related orgs
    $839,830
    Other
    $34,701
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $759,361 related
    Bonus
    $0 + $34,469 related
    Other
    $0 + $46,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,701 related
    Filer's total
    $0 + $874,531 related

  • Julie Switzer

    SECRETARY

    Total calculated
    $1,045,814
    From this org
    $0
    From related orgs
    $1,013,867
    Other
    $31,947
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $903,435 related
    Bonus
    $0 + $79,932 related
    Other
    $0 + $30,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,947 related
    Filer's total
    $0 + $1,045,814 related

  • Mark Tulis

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • John Heimerdinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Michael Israel

    TRUSTEE

    Total calculated
    $3,408,373
    From this org
    $0
    From related orgs
    $3,366,739
    Other
    $41,634
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $3,336,239 related
    Bonus
    $0
    Other
    $0 + $30,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $41,634 related
    Filer's total
    $0 + $3,408,373 related

  • John Chiavetta

    CLINICAL COORDINATOR, PHARMACY

    Total calculated
    $225,024
    From this org
    $204,036
    From related orgs
    $0
    Other
    $20,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,036
    Bonus
    $0
    Other
    $0
    Deferred
    $20,327
    Nontaxable benefits
    $661
    Filer's total
    $225,024

  • Kalpu Shah

    REGISTERED NURSE

    Total calculated
    $369,392
    From this org
    $333,040
    From related orgs
    $0
    Other
    $36,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,040
    Bonus
    $0
    Other
    $0
    Deferred
    $36,220
    Nontaxable benefits
    $132
    Filer's total
    $369,392

  • Lawrence Robinson

    MRI TECHNOLOGIST

    Total calculated
    $290,586
    From this org
    $231,909
    From related orgs
    $0
    Other
    $58,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,909
    Bonus
    $0
    Other
    $0
    Deferred
    $18,983
    Nontaxable benefits
    $39,694
    Filer's total
    $290,586

  • Leslie Pitts

    REGISTERED NURSE

    Total calculated
    $257,673
    From this org
    $226,029
    From related orgs
    $0
    Other
    $31,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,029
    Bonus
    $0
    Other
    $0
    Deferred
    $31,644
    Nontaxable benefits
    $0
    Filer's total
    $257,673

  • Maliuqka Burton

    REGISTERED NURSE

    Total calculated
    $225,152
    From this org
    $225,152
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,152
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $225,152

  • Gary Brudnicki

    FORMER TREASURER

    Total calculated
    $120,292
    From this org
    $0
    From related orgs
    $120,292
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $120,292 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $120,292 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The organization is subject to the compensation policies and process established by its sole member with respect to the system of related entities under its direction. Pursuant to that process, the Personnel and Compensation Committee of the sole member's Board of Directors sets the level of total compensation (base salary and incentive compensation) and benefits provided to senior executives. To set total compensation levels, the Committee works with a national independent compensation consulting firm to ensure that executive compensation levels are reasonable and appropriate relative to similar positions in comparable organizations, based on objective survey data. Executives' total compensation opportunities include incentive compensation arrangements based on each executive's achievement of specific performance goals set forth at the start of each calendar year, the achievement of which is measured at the end of each calendar year by the CEO or the Board of Directors (depending on the role). Leaders in roles below the senior executive tier are not subject to this Board process, but are subject to compensation and benefit arrangements under the established policies and programs of the sole member. Under those policies and programs, all compensation arrangements are administered in a manner intended to ensure competitive positioning and to permit effective recruitment and retention, while not exceeding reasonable, fair market levels.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MID-HUDSON VALLEY STAFFCO LLC

    STAFFING SVCS · NY · income $0 · assets $10,618,897

    Directly controlled by WMC NEW YORK

  • CENTER FOR REGIONAL HEALTHCARE INNOVATION

    PROVIDER SYST · DE · income $0 · assets $15,740

    Directly controlled by WMC NEW YORK

  • HUDSON VALLEY PROPERTY HOLDINGS

    BUILDING OPS · DE · income $624,991 · assets $21,711,716

    Directly controlled by WMC NEW YORK

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HUDSON RIVER WEST INSURANCE LIMITED

    C Corporation · CAP INSURANCE · CJ · 0% owned

    Directly controlled by BSCHSI

  • HUDSON RIVER NORTH INSURANCE LIMITED

    C Corporation · CAP INSURANCE · CJ · 0% owned

    Directly controlled by HA INC

  • NORTHEAST PROVIDER SOLUTIONS INC

    C Corporation · MSO & HEARING · NY · 0% owned

    Directly controlled by NA

  • WCHCC (BERMUDA) LIMITED

    C Corporation · CAP INSURANCE · BD · 100% owned · share of income $22,715,556 · share of assets $214,510,971 · controlled entity

    Directly controlled by WMC NEW YORK

  • KINGSTON REGIONAL HEALTH CARE ENTERPRISE

    C Corporation · INVESTMENT · NY · 0% owned

    Directly controlled by HAH BWAY

  • MID HUDSON PHYSICIANS PC

    C Corporation · MEDICAL SVCS · NY · 0% owned

    Directly controlled by NA

  • BCCHS MEDICAL GROUP PC

    C Corporation · PHYSICIAN OFFICE · NJ · 0% owned

    Directly controlled by BSCHSI

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.1
Source object
202523169349307542

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