Overview
What is Watershed Associates Inc?
Watershed Associates Inc, a nonprofit organization situated in Staten Island, New York, with just two employees, is dedicated to providing essential support for homeless individuals residing in the area. Their mission is multifaceted, aiming to alleviate financial and social burdens from federal, state, and local governments. They accomplish this by offering counseling, food, and shelter services to the homeless community. The organization holds title to real and personal property, generates rental income, and remits the proceeds, minus expenses, to Project Hospitality, Inc. In essence, Watershed Associates Inc works tirelessly to improve the lives of the homeless population on Staten Island while also reducing the burden on governmental entities.
Official website here: www.projecthospitality.org
Is Watershed Associates Inc legitimate?
Watershed Associates Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Watershed Associates 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
Official website here: www.projecthospitality.org
What is the mission statement of Watershed Associates Inc?
Watershed Associates Inc's mission is centered around providing essential services to homeless individuals. Specifically, they offer counseling, food, and shelter. The primary objective of these efforts is to alleviate the financial and social burdens from federal, state, and local governments. In achieving this mission, Watershed Associates Inc manages real and personal property, generates rental income, and remits the majority of these funds to Project Hospitality Inc, after deducting expenses. The organization's goal is to contribute positively to the well-being of the homeless population, thereby reducing the reliance on government resources.
Official website here: www.projecthospitality.org
Who is the CEO of Watershed Associates Inc?
Terry Troia is the Chief Executive Officer of Watershed Associates Inc. The CEO's salary of Watershed Associates Inc is $0 and their total compensation is $172,734.
Official website here: www.projecthospitality.org
What is the revenue of Watershed Associates Inc?
Watershed Associates Inc's revenue in 2022 was $58,713.
Official website here: www.projecthospitality.org
Who are the executives of Watershed Associates Inc and what are their salaries?
There are 2 employees and 15 volunteers at Watershed Associates Inc.
Here are 5 key members and their salaries (Watershed Associates Inc's CEO's salary is $0 and their total compensation is $172,734):
- Compensation: $0
- Related: $188,294
- Other: $10,262
- Compensation: $0
- Related: $109,050
- Other: $63,684
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.projecthospitality.org
Where can I find the form 990 for Watershed Associates Inc?
Watershed Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.projecthospitality.org
Learn more at the official website: www.projecthospitality.org
Mission Statement of Watershed Associates Inc
Watershed Associates Inc is a nonprofit organization with a mission to provide essential services to homeless individuals residing on Staten Island, New York. Their primary objectives include offering counseling, food, and shelter to these individuals. The organization's ultimate goal is to alleviate the financial and social burdens from federal, state, and local governments by providing these essential services. In pursuit of this mission, Watershed Associates Inc holds title to real and personal property, collects rental income, and remits the entire amount, less expenses, to Project Hospitality, Inc. This strategic approach enables the organization to effectively support the homeless population, thereby fulfilling its mission.
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Impact
October, 2024
Watershed Associates Inc. significantly impacts the Staten Island community by providing essential services to homeless individuals. By offering counseling, food, and shelter, the organization directly addresses the immediate needs of those experiencing homelessness. This support not only helps individuals regain stability but also alleviates the financial and social burdens on federal, state, and local governments.
The mission focuses on creating a sustainable support system that empowers vulnerable populations, promoting pathways to self-sufficiency. Through its activities, Watershed Associates plays a crucial role in enhancing the quality of life for homeless individuals while contributing to broader community health and resilience. By collecting rental income and ensuring that resources are effectively managed, the organization reinforces its commitment to these initiatives, ultimately fostering a more supportive environment for those in need.
This information is meant to be a general summary of Watershed Associates 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: $46,713
- Program Service Revenue: $12,000
- Gross Receipts: $58,713
Assets and Liabilities:
- Total Assets: $2,348,955
- Total Liabilities: $1,153,871
- Net Assets: $1,195,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING PROGRAM
Revenue
$12,000
Organization Details
Founding Year
2003
Phone
(718) 448-1544Principal Officer
Terry Troia
Main Address
100 Park Avenue, Staten Island, NY, 10302
Website
www.projecthospitality.orgNTEE Category
Code: P192 - Human services
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