Overview
What is Watertower South Inc?
Watertower South Inc is a nonprofit organization that focuses on offering affordable housing solutions for individuals living in group homes for the mentally ill. Their primary mission is to provide low-income housing, ensuring that these residents have a safe and suitable living environment. By offering such housing, Watertower South Inc plays a crucial role in supporting the well-being and independence of these individuals, contributing positively to their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Watertower South Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based on a comprehensive evaluation of its financial practices, with particular emphasis on the charity's effective governance and operational transparency. A perfect score was achieved in key areas such as board independence and the absence of asset diversion.
The organization boasts a fully independent board, consisting of 12 members, which strengthens its oversight and decision-making processes. Additionally, Watertower South Inc has established solid policies including conflict of interest and whistleblower protections, which contribute to a trustworthy operational framework. The high program expense ratio of 84.73% indicates that the majority of its funding is effectively directed towards its core programs.
While the rating underscores the organization's strengths, it remains essential for potential donors and beneficiaries to consider the broader impact of its initiatives. Overall, Watertower South Inc appears to be a well-managed nonprofit with clear governance practices, enhancing its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Watertower South Inc legitimate?
Watertower South Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertower South 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 South Inc?
Watertower South Inc, in its mission, dedicates itself to providing low-income housing for individuals residing in group homes for those with mental illnesses. The organization accomplishes this goal through various programs it offers. By providing such housing, Watertower South Inc aims to contribute to the well-being and support of this vulnerable population, ensuring they have a safe and affordable living space. The organization's activities are concentrated on this specific objective, demonstrating its commitment to making a positive impact in the lives of those who require it most.
Who is the CEO of Watertower South Inc?
Judith K Sikora is the Chairman of Watertower South Inc. The CEO's salary of Watertower South Inc is $0 and their total compensation is $322,463.
What is the revenue of Watertower South Inc?
Watertower South Inc's revenue in 2022 was $81,199.
Who are the executives of Watertower South Inc and what are their salaries?
There 13 volunteers at Watertower South Inc.
Here are 16 key members and their salaries (Watertower South Inc's CEO's salary is $0 and their total compensation is $322,463):
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- Related: $204,941
- Other: $39,555
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- Related: $265,323
- Other: $57,140
Where can I find the form 990 for Watertower South Inc?
Watertower South Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Watertower South Inc
Watertower South Inc, a nonprofit organization, is dedicated to providing low-income housing for residents of group homes for the mentally ill. Through its programs, the organization offers a safe and supportive living environment for individuals who require specialized care. By offering affordable housing, Watertower South Inc enables these individuals to maintain a stable living situation, which is crucial for their overall well-being and recovery. The organization's mission aligns with a broader goal of ensuring that everyone, regardless of their income or health status, has access to safe and decent housing. By providing this essential service, Watertower South Inc plays a significant role in supporting the mental health community and fostering a more inclusive society.
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Impact
October, 2024
Watertower South Inc has a significant impact on the community by providing low-income housing for individuals living in group homes for the mentally ill. By offering safe and affordable housing options, the organization helps to improve the quality of life for residents in Merrillville, Indiana. This support plays a crucial role in fostering independence and stability for those who may face challenges due to mental health issues. Through its programs, Watertower South not only addresses immediate housing needs but also contributes to the overall well-being and social inclusion of its residents, creating a more supportive environment for individuals striving to lead fulfilling lives.
This information is meant to be a general summary of Watertower South 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: $8
- Program Service Revenue: $48,266
- Gross Receipts: $81,199
Assets and Liabilities:
- Total Assets: $1,789,751
- Total Liabilities: $78,166
- Net Assets: $1,711,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$48,266
Organization Details
Founding Year
2007
Phone
(219) 757-1921Principal Officer
Judith K Sikora
Main Address
8400 LOUISIANA ST, MERRILLVILLE, IN, 464106385
NTEE Category
Code: L21 - Housing
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