Overview
What is Georgetown Community Development Authority?
Georgetown Community Development Authority, now known as Watershed, is a 501(c)(3) nonprofit organization situated in Seattle, Washington. Established in 2019, their mission revolves around fostering equitable communities and creative spaces, particularly focusing on individuals from underserved backgrounds, artists, and those at risk of displacement in the Duwamish Valley area. Watershed's core initiative, Equinox Studios, has served as a creative haven for over 125 artists and artisans since 2006. Their long-term goal is to construct an affordable live/work district in the Georgetown neighborhood, featuring 1,000 units of housing, community spaces, businesses, and cultural facilities. This development aims to bolster job opportunities and provide housing for those most vulnerable to wealth-driven displacement in Seattle. Ultimately, Watershed aims to cultivate sustainable community growth through thoughtful real estate development, community engagement, and programming.
Official website here: www.georgtowncda.org
Is Georgetown Community Development Authority legitimate?
Georgetown Community Development Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgetown Community Development Authority 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: $66,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,509
For more financial information, click here
Official website here: www.georgtowncda.org
What is the mission statement of Georgetown Community Development Authority?
The Georgetown Community Development Authority, often referred to as Watershed, aims to build a resilient community through affordable placemaking and placekeeping in a specific valley. They operate at the intersection of arts, equity, and collective well-being. Their activities involve creating affordable artist and artisan workspaces and planning to construct a live/work district with affordable housing and community spaces. The organization prioritizes individuals living and working in the valley, particularly BIPOC individuals and those at risk of displacement. Watershed's mission is to foster long-term community wealth through thoughtful real estate acquisition and development, community engagement, and programming that encourages relationships between various entities in the area.
Official website here: www.georgtowncda.org
Who is the CEO of Georgetown Community Development Authority?
Jen Trujillo is the Principal Officer of Georgetown Community Development Authority.
Official website here: www.georgtowncda.org
What is the revenue of Georgetown Community Development Authority?
Georgetown Community Development Authority's revenue in 2022 was $1,228,208.
Official website here: www.georgtowncda.org
Who are the executives of Georgetown Community Development Authority and what are their salaries?
The average compensation at Georgetown Community Development Authority during 2022 was $29,992. There are 11 employees at Georgetown Community Development Authority.
Here are 10 key members and their salaries:
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Official website here: www.georgtowncda.org
Where can I find the form 990 for Georgetown Community Development Authority?
Georgetown Community Development Authority's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.georgtowncda.org
Learn more at the official website: www.georgtowncda.org
Mission Statement of Georgetown Community Development Authority
Georgetown Community Development Authority, a community-based 501(c)(3) nonprofit organization, aims to build a resilient community in the Duwamish Valley through affordable placemaking and placekeeping. Their mission is centered around the intersection of arts, equity, and collective well-being. The organization operates Equinox Studios, which has been a creative home for over 125 artists and artisans working across various crafts and disciplines since 2006.
In the future, Georgetown Community Development Authority plans to develop a live/work district in the Georgetown neighborhood of Seattle. This project will include up to 1,000 affordable housing units for individuals earning no more than 60% of the area median income. Alongside housing, the live/work district will feature affordable community spaces, neighborhood businesses, and cultural facilities. This integration with Georgetown's commercial and industrial core aims to increase job opportunities and provide housing for those most at risk of being impacted by wealth-driven displacement in Seattle.
By focusing on thoughtful real estate acquisition and development, community engagement and ownership, space for small business, nonprofit, and artistic growth, and programming that builds relationships, Georgetown Community Development Authority seeks to cultivate long-term community wealth within the Watershed Village, the Georgetown neighborhood, and the greater Duwamish Valley.
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Impact
July, 2024
Georgetown Community Development Authority, now known as Watershed, is making a significant impact in the Duwamish Valley community of Seattle by spearheading affordable placemaking and placekeeping initiatives. The organization focuses on creating a sustainable community by offering affordable artist and artisan workspaces, developing a village of workforce housing, and fostering community engagement and ownership. By centering the needs of BIPOC individuals, artists, and those at risk of displacement, Watershed not only provides affordable housing and workspaces but also aims to cultivate long-term community wealth. Through their programs and developments, Watershed is actively working to address issues of displacement and gentrification in the Georgetown neighborhood, ultimately contributing to community improvement and resilience in the Duwamish Valley.
This information is meant to be a general summary of Georgetown Community Development Authority. 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: $47,298
- Program Service Revenue: $1,171,613
- Gross Receipts: $1,228,208
Assets and Liabilities:
- Total Assets: $43,697,520
- Total Liabilities: $45,846,407
- Net Assets: -$2,148,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING REVENUE
Revenue
$785,625
INVESTMENT IN GCP-1 LL
Revenue
$368,491
ARTISAN REVENUE
Revenue
$17,497
Organization Details
Founding Year
2019
Phone
(206) 395-4656Principal Officer
Jen Trujillo
Main Address
6555 5TH AVENUE S 108, SEATTLE, WA, 98108
Website
www.georgtowncda.orgNTEE Category
Code: S00 - Community improvement
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