Due to financial difficulties, a group of interested members, with some outside assistance, reorganized the operation and title to the property was transferred to the Davenport Neck Corporation which was organized specifically for this purpose. The property was then leased by the owning corporation, the Davenport Neck Corporation, to the operating corporation, the Davenport Club, Inc.

This arrangement continues today. After the second year of membership, new members purchase a share of stock in the Davenport Neck corporation, thus the club is entirely member owned.