Overview
What is Watson Street Management And Development Corporation?
Watson Street Management and Development Corporation is a corporation based in Camden, New Jersey, primarily focused on housing development, construction, and management. Demonstrating its commitment to this field, the corporation reported generating $2,138,554 in total revenues last year. While the information provided does not explicitly state that Watson Street is a nonprofit organization, it operates within the sector of housing development and management, which often involves community-oriented initiatives.
Official website here: www.camdenhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
Watson Street Management and Development Corporation has received a Two-Star rating from Charity Navigator, indicating average performance in accountability and finance. The organization's overall score of 66% suggests that while there are strengths in its financial oversight, there are significant areas needing improvement, particularly concerning board independence and financial ratios.
One notable strength is the nonprofit's commitment to transparency in governance, as evidenced by the presence of key policies, including a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes. Additionally, they scored well in program expense ratios, indicating that they allocate their funds effectively towards their mission. However, the organization lacks independent board members, which raises concerns about governance and oversight.
Limitations are highlighted by the high liabilities-to-assets ratio of 70.90%, which may indicate potential financial risks. Furthermore, while they are compliant with several governance policies, they have not posted their tax form on their website, which is a critical transparency measure. Overall, while Watson Street Management and Development Corporation demonstrates some solid practices, improvements in governance and financial stability would enhance its rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Watson Street Management And Development Corporation legitimate?
Watson Street Management And Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watson Street Management And Development Corporation 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: $889,586
For more financial information, click here
Official website here: www.camdenhousing.org
What is the mission statement of Watson Street Management And Development Corporation?
Watson Street Management and Development Corporation is primarily focused on housing development, construction, and management. While the information does not provide a specific mission statement, it implies that the corporation's mission likely involves improving and managing housing solutions, potentially contributing to the betterment of communities and living standards. The corporation generated a revenue of $2,138,554 last year, indicating its operational success in these areas.
Official website here: www.camdenhousing.org
Who is the CEO of Watson Street Management And Development Corporation?
Melody Johnson-Williams is the Secretary of Watson Street Management And Development Corporation.
Official website here: www.camdenhousing.org
What is the revenue of Watson Street Management And Development Corporation?
Watson Street Management And Development Corporation's revenue in 2022 was $1,594,575.
Official website here: www.camdenhousing.org
Who are the executives of Watson Street Management And Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $161,071
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.camdenhousing.org
Where can I find the form 990 for Watson Street Management And Development Corporation?
Watson Street Management And Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.camdenhousing.org
Learn more at the official website: www.camdenhousing.org
Mission Statement of Watson Street Management And Development Corporation
Watson Street Management and Development Corporation is dedicated to housing development, construction, and management. This organization plays a significant role in this field, generating a total revenue of $2,138,554 last year. Although the mission statement is not explicitly provided in the given information, it can be inferred that the corporation's purpose is to contribute to the development and management of housing projects, thereby improving living conditions and providing affordable housing solutions. This mission aligns with the corporation's activity, which includes housing development, construction, and management, indicating a commitment to improving housing infrastructure and accessibility.
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Impact
July, 2024
Watson Street Management And Development Corporation's impact lies in its contribution to housing development and management in Camden, NJ. By engaging in these activities, the corporation plays a significant role in addressing the housing needs of the community. Additionally, the construction projects undertaken by the organization help in revitalizing the local infrastructure and creating employment opportunities in the area. Overall, Watson Street Management And Development Corporation's efforts contribute to the overall development and well-being of Camden, NJ.
This information is meant to be a general summary of Watson Street Management And Development Corporation. 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: $238,102
- Gross Receipts: $1,594,575
Assets and Liabilities:
- Total Assets: $3,909,075
- Total Liabilities: $2,771,646
- Net Assets: $1,137,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$205,950
TENANT RENTAL REVENUE
Revenue
$32,152
Organization Details
Founding Year
2014
Phone
(856) 968-2700Principal Officer
Melody Johnson-Williams
Main Address
2021 WATSON STREET 2ND FLOOR, CAMDEN, NJ, 08105
Website
www.camdenhousing.orgNTEE Category
Code: L20 - Housing
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