Overview
What is Neighbors Of Watertown Inc?
Neighbors of Watertown Inc is a nonprofit organization situated in Watertown, New York. Their primary focus is to provide affordable housing for low-income individuals and families, offering both low-income and single-occupancy units. Beyond housing, they also offer support services to help individuals learn to live independently, particularly those residing in single room occupancy units. Additionally, Neighbors of Watertown contributes to the commercial revitalization of the Watertown area.
Official website here: www.neighborsofwatertown.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Neighbors Of Watertown Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored 96% overall, with its score derived entirely from its impressive criteria in the Accountability & Finance category. This high rating indicates that the nonprofit operates effectively and is well-managed, ensuring that donations are used appropriately.
The organization demonstrates significant strengths in various areas, including having an entirely independent board, which contributes to its governance and oversight. Additionally, the nonprofit has a robust audit and oversight committee, and it has no record of material diversion of assets. Its financial health is further highlighted by a low liabilities-to-assets ratio and a high program expense ratio, suggesting that a substantial portion of its resources is directed toward its intended programs and services.
While the data shows strong performance in accountability and finance, details on program effectiveness or community impact were not provided in the summary. However, the high ratings and adherence to best practices in governance portray Neighbors Of Watertown Inc as a responsible and trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighbors Of Watertown Inc?
84% of 5 reviewers on Facebook recommend Neighbors Of Watertown Inc. Here's a summary of their reviews:
Many users express gratitude for the assistance provided by Neighbors Of Watertown. One reviewer highlights the significant impact the organization had on their ability to repair their home, showcasing appreciation for the dedicated team behind the service. The positive experiences suggest that the nonprofit effectively delivers on its promises, leading to valuable support for those in need.
Overall, the sentiment indicates that Neighbors Of Watertown is making a meaningful difference in the community by offering essential help and resources to its residents.
This AI summary has been generated from reviews found on Facebook.
Is Neighbors Of Watertown Inc legitimate?
Neighbors Of Watertown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighbors Of Watertown 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: $174,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,492,330
For more financial information, click here
Official website here: www.neighborsofwatertown.com
What is the mission statement of Neighbors Of Watertown Inc?
Neighbors of Watertown is an organization dedicated to providing affordable housing solutions, specifically for low-income individuals and families. Their mission extends beyond just housing, as they also offer support services to help those residing in single occupancy units learn to live independently. Additionally, the organization plays a role in revitalizing commercial areas, contributing positively to the community in Watertown, New York.
Official website here: www.neighborsofwatertown.com
Who is the CEO of Neighbors Of Watertown Inc?
Reginald Schweitzer is the Director of Neighbors Of Watertown Inc.
Official website here: www.neighborsofwatertown.com
What is the revenue of Neighbors Of Watertown Inc?
Neighbors Of Watertown Inc's revenue in 2022 was $4,955,938.
Official website here: www.neighborsofwatertown.com
Who are the executives of Neighbors Of Watertown Inc and what are their salaries?
The average compensation at Neighbors Of Watertown Inc during 2022 was $24,519. There are 68 employees and 11 volunteers at Neighbors Of Watertown Inc.
Here are 11 key members and their salaries:
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- Compensation: $112,322
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- Other: $18,492
- Compensation: $62,654
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- Other: $14,500
Official website here: www.neighborsofwatertown.com
Where can I find the form 990 for Neighbors Of Watertown Inc?
Neighbors Of Watertown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborsofwatertown.com
Learn more at the official website: www.neighborsofwatertown.com
Mission Statement of Neighbors Of Watertown Inc
Neighbors of Watertown is a dedicated organization that aims to provide affordable housing solutions for low-income individuals and families. Their mission extends beyond just offering accommodation, as they also focus on single occupancy housing. Additionally, they offer support services to individuals living in single room occupancy units, assisting them in learning to live independently. This nonprofit organization in Watertown, New York, not only provides a roof over the heads of those in need but also helps them transition towards self-sufficiency.
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Impact
October, 2024
Neighbors of Watertown Inc plays a crucial role in the Watertown, New York community by providing essential low-income and single occupancy housing. Their efforts help individuals and families who face economic challenges find stable, affordable living situations. Through their programs, they not only address the immediate need for housing but also promote commercial revitalization in the area, contributing to the overall economic health of the community.
Moreover, Neighbors of Watertown offers support services designed to empower residents to live independently. This focus on providing assistance enables individuals to develop the skills they need to thrive in their daily lives, fostering a sense of independence and self-reliance. By targeting low-income populations and individuals in need, the organization helps to uplift vulnerable community members, improve their quality of life, and enhance social stability in the region.
Overall, the impact of Neighbors of Watertown Inc extends beyond housing; it cultivates a supportive environment that encourages growth and independence, ultimately benefiting the community as a whole.
This information is meant to be a general summary of Neighbors Of Watertown 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.
- Investment Income: $131,003
- Program Service Revenue: $2,716,370
- Gross Receipts: $5,121,055
Assets and Liabilities:
- Total Assets: $21,104,271
- Total Liabilities: $4,036,335
- Net Assets: $17,067,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$1,558,562
MANAGEMENT FEES
Revenue
$1,157,808
Organization Details
Founding Year
1972
Phone
(315) 782-8497Principal Officer
Reginald Schweitzer
Main Address
112 FRANKLIN STREET, WATERTOWN, NY, 13601
Website
www.neighborsofwatertown.comNTEE Category
Code: L20Z - Housing
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