Overview
What is Westwater Financial Inc?
Westwater Financial Inc is a nonprofit organization situated in Santa Rosa, California, specifically at 55A Saint James Drive. Their primary mission is to promote and enhance community and economic development among the Dry Creek Tribal members, their families, and other Native communities. They accomplish this by offering various developmental services. These include providing credit consulting and budgeting classes, assisting with credit repair and building, offering financial skills for families, and coaching in rental readiness and home buying. They also offer life skills training and small business entrepreneurship programs, with a total of approximately 100 individuals benefitting from these initiatives. Their team consists of four dedicated employees.
Official website here: www.westwaterfinancial.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating. This high score indicates that Westwater Financial Inc demonstrates a strong commitment to accountability and financial health, achieving an exceptional mark based solely on its Accountability & Finance score. The organization's focus on these areas reflects positively on its operational integrity and effective governance.
Strengths of Westwater Financial Inc include having a fully independent board, with all members meeting the criteria for independence. The organization has also established solid policies regarding conflicts of interest and whistleblowing, enhancing its transparency. Additionally, with a program expense ratio of 79.37%, it shows a dedication to directing a significant portion of its resources towards its mission and programs.
However, while the financial metrics present a favorable picture, the data does not cover aspects such as program outcomes or community impact, which are also important indicators of a nonprofit's effectiveness. Nonetheless, the absence of any material diversion of assets and the effective management of liabilities indicates sound financial practices. Overall, the organization stands out for its governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Westwater Financial Inc legitimate?
Westwater Financial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westwater Financial 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: $203,779
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.westwaterfinancial.org
What is the mission statement of Westwater Financial Inc?
Westwater Financial Inc serves as a Native Community Development Financial Institution, dedicated to promoting community and economic development among Dry Creek Tribal members, their families, and other Native individuals. Their mission is to foster and facilitate this development through various means, including providing development services and technical training. This training often takes the form of Credit Consulting/Budgeting classes, Financial Skills for Family classes, and other programs aimed at improving financial literacy and readiness for home ownership. As of the given information, they have assisted approximately 69 Tribal Members in various programs, with enrollments in budgeting and credit repair classes, as well as programs focused on life skills, small business entrepreneurship, and rental readiness.
Official website here: www.westwaterfinancial.org
What is the revenue of Westwater Financial Inc?
Westwater Financial Inc's revenue in 2023 was $250,030.
Official website here: www.westwaterfinancial.org
Who are the executives of Westwater Financial Inc and what are their salaries?
The average compensation at Westwater Financial Inc during 2023 was $50,945. There are 4 employees and 8 volunteers at Westwater Financial Inc.
Here are 8 key members and their salaries:
- Compensation: $64,670
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.westwaterfinancial.org
Where can I find the form 990 for Westwater Financial Inc?
Westwater Financial Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.westwaterfinancial.org
Learn more at the official website: www.westwaterfinancial.org
Mission Statement of Westwater Financial Inc
Westwater Financial Inc, functioning as a Native Community Development Financial Institution, is committed to fostering and promoting community and economic development among the Dry Creek Tribal members, their families, and other Native communities. This mission is carried out by providing development services and technical training to underserved members of their target market. The institution offers various programs to assist individuals in financial management, such as Credit Consulting/Budgeting classes, Financial Skills for Families, and Rental readiness workshops. Furthermore, Westwater Financial Inc supports first-time home buyers and small business Indian entrepreneurship. Through these initiatives, the organization aims to empower and uplift the Dry Creek Tribal community and other Native populations, enhancing their economic opportunities and overall well-being.
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Impact
July, 2024
Westwater Financial Inc's impact includes providing development services and technical training to underserved members of the Dry Creek Tribal community and other Native individuals. Through programs such as Credit Consulting/Budgeting classes, Financial Skills for Family classes, rental readiness, and support for small business Indianprenuership, Westwater Financial Inc has served approximately 69 Tribal Members. This nonprofit organization plays a crucial role in fostering economic development and improving the overall well-being of its target market, contributing to community improvement in Santa Rosa, CA.
This information is meant to be a general summary of Westwater Financial 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 2023.
- Investment Income: $75,945
- Program Service Revenue: $50,630
- Gross Receipts: $250,030
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee income
Revenue
$50,630
Organization Details
Founding Year
2013
Principal Officer
Alicia Burns
Website
www.westwaterfinancial.orgNTEE Category
Code: S40 - Community improvement
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