Overview
What is Watertower West Inc?
Watertower West Inc is a nonprofit organization that primarily focuses on offering affordable housing solutions. In particular, they cater to residents living in group homes for the mentally ill, providing them with low-income housing. This initiative aims to offer a safe and supportive environment for this vulnerable population. Additionally, Watertower West Inc may offer various programs and resources to ensure the well-being and success of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Watertower West Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of transparency and financial accountability. The score reflects a strong commitment to responsible financial practices, as the organization has a 94% score in the Accountability & Finance category. This rating is supported by the presence of a fully independent board and an effective conflict of interest policy.
The organization demonstrates exceptional financial health with a low liabilities-to-assets ratio of 4.95%, showcasing its ability to manage financial obligations effectively. Additionally, the program expense ratio stands at a commendable 87.29%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the organization excels in governance and financial management, it is essential for potential donors and supporters to consider the overall impact of its programs and services, as the rating primarily assesses financial accountability. This focus on finance presents a strong foundation, but ongoing evaluation of its program effectiveness would provide a fuller picture of its overall mission impact.
This AI summary has been generated from information found on Charity Navigator.
Is Watertower West Inc legitimate?
Watertower West Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertower West 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: $0
For more financial information, click here
What is the mission statement of Watertower West Inc?
Watertower West Inc aims to offer low-income housing as part of its mission. Specifically, it provides shelter for residents of group homes that cater to individuals with mental illnesses. By doing so, the organization strives to make a tangible difference in the lives of those in need, focusing on this particular segment of society. Watertower West Inc's activities also extend to the implementation of programs aimed at helping these residents maintain stable and secure living conditions.
Who is the CEO of Watertower West Inc?
William Trowbridge is the CEO of Watertower West Inc The CEO's salary of Watertower West Inc is $0 and their total compensation is $395,480.
What is the revenue of Watertower West Inc?
Watertower West Inc's revenue in 2024 was $108,246.
Who are the executives of Watertower West Inc and what are their salaries?
There 11 volunteers at Watertower West Inc.
Here are 16 key members and their salaries (Watertower West Inc's CEO's salary is $0 and their total compensation is $395,480):
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- Related: $202,432
- Other: $51,626
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- Related: $96,393
- Other: $10,245
- Compensation: $0
- Related: $299,867
- Other: $95,613
Where can I find the form 990 for Watertower West Inc?
Watertower West Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Watertower West Inc
Watertower West Inc, a non-profit organization, is dedicated to providing low-income housing. Specifically, they offer housing solutions for residents in group homes for the mentally ill. By doing so, Watertower West aims to make a significant impact on the lives of those in need, enabling them to secure stable, affordable housing. Beyond housing, Watertower West's mission extends to offering supportive programs that cater to the unique needs of its residents, ensuring that they receive the best possible living conditions and care.
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Impact
June, 2024
Watertower West Inc's impact can be seen in its provision of low-income housing and programs for residents of group homes for the mentally ill in Merrillville, Indiana. Their work plays a crucial role in addressing the housing needs of vulnerable populations and supporting mental health initiatives in the community.
This information is meant to be a general summary of Watertower West 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 2024.
- Investment Income: $16
- Program Service Revenue: $58,785
- Gross Receipts: $108,246
Assets and Liabilities:
- Total Assets: $1,109,944
- Total Liabilities: $35,024
- Net Assets: $1,074,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$58,785
Organization Details
Founding Year
2002
Phone
(219) 757-1921Principal Officer
Lashaun Woods
Main Address
8400 LOUISIANA ST, MERRILLVILLE, IN, 464106385
NTEE Category
Code: F33 - Mental health
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