Overview
What is Wealth Watchers Inc?
Wealth Watchers Inc. is a notable nonprofit organization based in Jacksonville, Florida, with a secondary presence in Georgia. Their mission is centered around building sustainable communities by enhancing financial literacy and knowledge among individuals, families, and communities. This empowers them to apply effective financial strategies, ultimately leading to the accumulation of generational wealth. The organization plays a significant role in promoting economic sustainability in urban and rural communities, contributing to workforce development, homeownership, and various quality housing options. Wealth Watchers Inc. firmly believes in the importance of community engagement and ensures that every resident has a voice in the development process. With a staff of 17 dedicated individuals, the organization is a chartered member of NeighborWorks America, a distinguished network of high-impact and collaborative community development and housing counseling organizations in the United States.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
Wealth Watchers Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates a commitment to transparency and sound financial management, with a focus on maintaining a majority independent board and effective oversight through an audit committee.
The organization boasts exceptional scores across various metrics, such as maintaining a high percentage of program expenses (93.11%) which highlights its dedication to mission-driven work. Its policies on conflict of interest, whistleblowing, and document retention demonstrate a robust governance framework, ensuring ethical operations and safeguarding resources.
There are no noted limitations or significant concerns in the available data, reinforcing the charity's reputation as a responsible and effective organization. Wealth Watchers Inc stands out for its accountability practices and financial health, making it a reliable choice for potential donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Wealth Watchers Inc legitimate?
Wealth Watchers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wealth Watchers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $522,100
For more financial information, click here
What is the mission statement of Wealth Watchers Inc?
Wealth Watchers Inc's mission is centered around building sustainable communities. They achieve this by enhancing the financial education and knowledge of individuals, families, and communities. The aim is to help them comprehend and implement essential financial strategies that lead to the accumulation of generational wealth. Wealth Watchers plays a significant role in the economic sustainability of urban and rural communities in Florida and Georgia by offering products and services that foster prosperity and growth. Their offerings contribute to the overall wealth and stability of the communities they serve, promoting home ownership and quality housing options. Wealth Watchers is committed to ensuring that all residents have a voice and believes in the importance of resident leadership and engagement in community development. The organization is a chartered member of NeighborWorks America, a network of top community development and housing counseling organizations in the country.
Who is the CEO of Wealth Watchers Inc?
Carrie Davis is the President/Ce of Wealth Watchers Inc.
What is the revenue of Wealth Watchers Inc?
Wealth Watchers Inc's revenue in 2022 was $1,406,948.
Who are the executives of Wealth Watchers Inc and what are their salaries?
The average compensation at Wealth Watchers Inc during 2022 was $30,712. There are 17 employees at Wealth Watchers Inc.
Here are 9 key members and their salaries:
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $80,648
- Related: $0
- Other: $0
- Compensation: $74,337
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wealth Watchers Inc?
Wealth Watchers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wealth Watchers Inc
Wealth Watchers Inc has a mission to create viable communities by expanding the financial knowledge and education of individuals, families, and communities. This mission is centered around understanding and applying essential financial strategies that lead to the accumulation of generational wealth. By doing so, Wealth Watchers Inc aims to contribute to the economic sustainability of urban and rural communities throughout Florida and Georgia. The organization provides a range of products and services that foster a prosperous and thriving ecosystem, catalyzing economic development, workforce development, home ownership, and other quality housing options. Wealth Watchers Inc is committed to ensuring that all residents have a voice and believes that resident leadership and engagement are crucial in building viable communities. The organization is a chartered member of NeighborWorks America, a network of top high-impact and collaborative community development and housing counseling organizations in the country.
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Impact
July, 2024
Wealth Watchers Inc is making a significant impact on economic sustainability in urban and rural communities throughout Florida and Georgia. By expanding financial education and knowledge among individuals, families, and communities, Wealth Watchers is empowering them to apply essential financial strategies that lead to the accumulation of generational wealth. This nonprofit organization is a vital contributor to creating prosperous ecosystems that drive economic development, workforce development, home ownership, and other housing options, ultimately enhancing the wealth and stability of the people and communities it serves. Wealth Watchers' commitment to resident leadership and engagement ensures that all residents have a voice in building viable communities. As a chartered member of NeighborWorks America, Wealth Watchers is part of a network of high-impact community development and housing counseling organizations across the country.
This information is meant to be a general summary of Wealth Watchers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $419,147
- Gross Receipts: $1,406,948
Assets and Liabilities:
- Total Assets: $7,150,776
- Total Liabilities: $1,578,762
- Net Assets: $5,572,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$278,510
INSURANCE REIMBURSEMENT
Revenue
$68,137
OTHER INCOME
Revenue
$45,061
LENDING INCOME
Revenue
$17,646
PROGRAM REVENUE
Revenue
$9,793
Organization Details
Founding Year
2001
Phone
(904) 265-4736Principal Officer
Carrie Davis
Main Address
5310 LENOX AVENUE SUITE 4, JACKSONVILLE, FL, 32205
NTEE Category
Code: L22 - Housing
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