Civic Intelligence

Wealth Watchers Inc

EIN 01-0638984 • 501(c)3 • Jacksonville, FL

Profile

The mission of wealth watchers inc. Is to build viable communities by expanding the education and knowledge of individuals, families, and communities for the purpose of understanding and applying essential financial strategies that leads to the accumulation of generational wealth.

5310 Lenox Avenue Suite 4Jacksonville, FL 32205
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.24x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.14x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

37th percentile

0.4%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

8.9%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

93%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$13,934,525

Up $1,137,304 (+8.9%) from 2023

Liabilities

Up

$3,281,894

Up $1,054,576 (+47%) from 2023

Net Assets

Up

$10,652,631

Up $82,728 (+0.8%) from 2023

Revenue

Up

$23,516,973

Up $11,337,369 (+93%) from 2023

Expenses

Up

$23,434,251

Up $16,252,536 (+226%) from 2023

Net Income

Down

$82,722

Down $4,915,167 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $1,065,176Liabilities 2011: $25,000Net Assets 2011: $1,040,1762011Assets 2012: $1,574,555Liabilities 2012: $283,464Net Assets 2012: $1,291,0912012Assets 2013: $2,489,099Liabilities 2013: $10,830Net Assets 2013: $2,478,2692013Assets 2014: $3,831,286Liabilities 2014: $57,975Net Assets 2014: $3,773,3112014Assets 2015: $3,880,560Liabilities 2015: $46,297Net Assets 2015: $3,834,2632015Assets 2016: $5,164,782Liabilities 2016: $128,063Net Assets 2016: $5,036,7192016Assets 2017: $5,944,855Liabilities 2017: $447,243Net Assets 2017: $5,497,6122017Assets 2018: $6,293,618Liabilities 2018: $756,822Net Assets 2018: $5,536,7962018Assets 2019: $6,593,427Liabilities 2019: $904,247Net Assets 2019: $5,689,1802019Assets 2020: $6,874,300Liabilities 2020: $1,167,723Net Assets 2020: $5,706,5772020Assets 2021: $7,029,252Liabilities 2021: $1,265,209Net Assets 2021: $5,764,0432021Assets 2022: $7,150,776Liabilities 2022: $1,578,762Net Assets 2022: $5,572,0142022Assets 2023: $12,797,221Liabilities 2023: $2,227,318Net Assets 2023: $10,569,9032023Assets 2024: $13,934,525Liabilities 2024: $3,281,894Net Assets 2024: $10,652,6312024

Highlighted filing

2024

Assets$13,934,525
Liabilities$3,281,894
Net Assets$10,652,631

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $1,101,545Expenses 2011: $851,529Net Income 2011: $250,0162011Revenue 2012: $1,578,231Expenses 2012: $1,327,316Net Income 2012: $250,9152012Revenue 2013: $2,577,372Expenses 2013: $1,391,896Net Income 2013: $1,185,4762013Revenue 2014: $2,532,972Expenses 2014: $1,237,931Net Income 2014: $1,295,0412014Revenue 2015: $1,241,580Expenses 2015: $1,180,628Net Income 2015: $60,9522015Revenue 2016: $2,212,850Expenses 2016: $1,010,393Net Income 2016: $1,202,4572016Revenue 2017: $1,768,742Expenses 2017: $1,307,849Net Income 2017: $460,8932017Revenue 2018: $992,259Expenses 2018: $953,075Net Income 2018: $39,1842018Revenue 2019: $1,276,241Expenses 2019: $1,123,857Net Income 2019: $152,3842019Revenue 2020: $1,309,914Expenses 2020: $1,292,517Net Income 2020: $17,3972020Revenue 2021: $3,090,590Expenses 2021: $3,033,124Net Income 2021: $57,4662021Revenue 2022: $1,406,948Expenses 2022: $1,598,976Net Income 2022: -$192,0282022Revenue 2023: $12,179,604Expenses 2023: $7,181,715Net Income 2023: $4,997,8892023Revenue 2024: $23,516,973Expenses 2024: $23,434,251Net Income 2024: $82,7222024

Highlighted filing

2024

Revenue$23,516,973
Expenses$23,434,251
Net Income$82,722

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.9$3.28$10.7$23.5$23.4$0.08
2023Detailed filing. Detailed filing data is available for this year.$12.8$2.23$10.6$12.2$7.18$5.00
2022Detailed filing. Detailed filing data is available for this year.$7.15$1.58$5.57$1.41$1.60$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.03$1.27$5.76$3.09$3.03$0.06
2020Detailed filing. Detailed filing data is available for this year.$6.87$1.17$5.71$1.31$1.29$0.02
2019Detailed filing. Detailed filing data is available for this year.$6.59$0.90$5.69$1.28$1.12$0.15
2018Summary only. Only limited summary data is available for this year.$6.29$0.76$5.54$0.99$0.95$0.04
2017Summary only. Only limited summary data is available for this year.$5.94$0.45$5.50$1.77$1.31$0.46
2016Summary only. Only limited summary data is available for this year.$5.16$0.13$5.04$2.21$1.01$1.20
2015Summary only. Only limited summary data is available for this year.$3.88$0.05$3.83$1.24$1.18$0.06
2014Summary only. Only limited summary data is available for this year.$3.83$0.06$3.77$2.53$1.24$1.30
2013Summary only. Only limited summary data is available for this year.$2.49$0.01$2.48$2.58$1.39$1.19
2012Summary only. Only limited summary data is available for this year.$1.57$0.28$1.29$1.58$1.33$0.25
2011Summary only. Only limited summary data is available for this year.$1.07$0.03$1.04$1.10$0.85$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 10, 2025
Return Version
2024v5.0
Gross Receipts
$23,536,767
Mission and Program Overview

Mission

The mission of wealth watchers inc. Is to build viable communities by expanding the education and knowledge of individuals, families, and communities for the purpose of understanding and applying essential financial strategies that leads to the accumulation of generational wealth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,680,185$3,868,129▲ $187,944
Pledges and Grants Receivable$3,097,838$3,576,411▲ $478,573
Other Notes and Loans Receivable, Net$216,012$197,666▼ $18,346
Land, Buildings, and Equipment, Net$44,214$76,201▲ $31,987
Prepaid Expenses and Deferred Charges$40,065$42,422▲ $2,357
Total Assets$12,797,221$13,934,525▲ $1,137,304
Other Assets Total$5,718,907$6,173,696▲ $454,789
Liabilities
Unsecured Notes Loans Payable$1,474,223$1,728,205▲ $253,982
Accounts Payable and Accrued Expenses$570,238$1,379,207▲ $808,969
Other Liabilities$130,765$127,230▼ $3,535
Deferred Revenue$52,092$47,252▼ $4,840
Total Liabilities$2,227,318$3,281,894▲ $1,054,576
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,229,158$8,311,886▲ $82,728
Net Assets With Donor Restrictions$2,340,745$2,340,745→ $0
Total Net Assets Fund Balance$10,569,903$10,652,631▲ $82,728
Total Liabilities and Net Assets / Fund Balance$12,797,221$13,934,525▲ $1,137,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$572,207-$572,207
Other Land Buildings$69,914$17,456$87,370
Equipment$6,286$60,209$66,495
Leasehold Improvements$1$25,145$25,146
Other Assets Org$99,961--
Land$-572,207-$-572,207
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carrie DavisPresident/ceFT$112,800$27,536$140,336
Edward GatsonCOOFT$98,821$28,449$127,270
Alyce DensonCFOFT$89,479$26,235$115,714

Board Members and Trustees

NameTitle
Coley WilliamsPresident
Andre HigginsBoard Treasu
Harvey HarperMember
Jacqueline GrayMember
Larry RileyMember
Bobbi WarfordSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Indelible Emergency Management LLCCounseling841 PRUDENTIAL DRIVE, SUITE 500, Jacksonville, FL 32207$10,397,550
Gangplank Management GroupCounseling100 N LAURA STREET, UNIT 801-1678, Jacksonville, FL 32202$2,317,149
FaneuilCounseling3824 CEDAR SPRINGS ROAD, Dallas, TX 75219$2,000,003
Omni Strategies ConsultingCounseling4000 TURTON AVENUE, Jacksonville, FL 32208$990,000
Neighborhood Home Solutions-1600 DR MARTIN LUTHER KING JR ST, St Petersburg, FL 33701$464,800
Revenue and Support

Revenue Composition

Contributions and Grants
$22,970,245
Program Service Revenue
$519,311
Investment Income
$27,417
Other Revenue
$0
All Other Contributions
$22,032,402
Change in Net Assets
$82,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,229,147
Salaries, Compensation, and Employee Benefits$1,205,104
Total Fundraising Expense$70,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$858,766$120,000$25,000$1,003,766
All Other Expenses$359,347$45,154$702$405,203
Advertising$103,052$23,623$30,809$157,484
Depreciation Depletion$145,433--$145,433
Other Expenses$141,742--$141,742
Interest$139,623--$139,623
Other Employee Benefits$110,423$20,704$6,901$138,028
Insurance$89,517$13,750-$103,267
Travel$81,875$20,469-$102,344
Payroll Taxes$55,694$5,924$1,692$63,310
Occupancy$54,900$5,558-$60,458
Information Technology$49,056$2,500-$51,556
Fees for Services Accounting$32,269$4,665$1,944$38,878
Office Expenses$29,350$5,862$3,201$38,413
Total Functional Expenses$23,095,793$268,209$70,249$23,434,251
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable-current Portion$127,230
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Upon completion of the tax return by the audit firm, the tax return is reviewed by the organization's staff, cfo, and president/ceo. Any corrections are made before the return is filed with the internal revenue service (irs). Copies of the tax return are made available to board members upon request.

Form 990, Page 6, Part VI, Line 12C

Officers and directors/trustees are required to complete questionnaires that identifies key areas of conflict of interests annually. The board reviews the questionnaires and handles accordingly.

Form 990, Page 6, Part VI, Line 15A

The board evaluates the president/ceo's job performance periodically and when deemed appropriate the board votes on compensation increase for the president/ceo. The board compares salary information of comparable positions in the city of jacksonville, florida before awarding any salary increase. The board maintains appropriate record of it's deliberations.

Form 990, Page 6, Part VI, Line 15B

The president/ceo evaluates the job performance of his/her subordinates periodically and when deemed appropriate he/she recommends raises for them based on salary information of comparable positions in the city of jacksonville, florida. Appropriate record(s) are maintained in the human resources department.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wealth Watchers Inc
EIN
01-0638984
Phone
9042654736
Address
5310 LENOX AVENUE SUITE 4, JACKSONVILLE, FL 32205

Signing Officer

Name
Carrie Davis
Title
President/CEO
Phone
9048035687
Signed
2025-07-10

Organization Details

Principal Officer
Carrie Davis
Formed
2001
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
19

Preparer

Firm
Enofe & Associates LLC
Address
5991 CHESTER AVE STE 204, JACKSONVILLE, FL 32217-2245
Preparer
Dr Augustine Enofe
Phone
9043011260
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of wealth watchers inc. Is to build viable communities by expanding the education and knowledge of individuals, families, and communities for the purpose of understanding and applying essential financial strategies that leads to the accumulation of generational wealth.

Form 990, Page 1, Part I, Line 6

The volunteers help in event planning, crowd control, and clean up. No compensations are provided to the volunteers.

Form 990, Page 2, Part III, Line 4A

Wealth watchers, inc. Is among many organizations in north florida promoting the need for affordable housing in jacksonville, fl, and the surrounding communities. The organization has a combination of single- family homes and multi-unit properties currently rented to low- and middle-income families. Wealth watchers, inc., contribution to affordable rental housing promotes economic diversity and the creation or sustaining of mixed-income neighborhoods. Preserving affordable rentals also allows longtime residents to remain in their neighborhoods. Wealth watchers continues to meet the demand for affordable rental housing through collaboration among government, private, and public funding sources. These groups are motivated to preserve affordable housing because of its impact at the individual household, neighborhood, and community level. For some households, preservation safeguards affordability during a time of rising housing costs and shrinking incomes. It further helps to revitalize and stabilize neighborhoods that can offer access to opportunity.

Form 990, Page 2, Part III, Line 4B

Wealth watchers is a hud certified housing counseling agency that is committed to providing a cyclical approach to building wealth among citizens in florida. Wealth watchers provides financial coaching, housing counseling and educational services to individuals and families in various parts of florida. Wealth watchers is a member of the homefree usa hud intermediary network and understands the importance of expanding the knowledge of all individuals, especially those in the low to middle income bracket, for the purpose of understanding the importance of basic finance and the accumulation of wealth. Recognizing that homeownership is the main vehicle for building wealth among many citizens, wealth watchers position itself to be a viable resource for citizens pursuing homeownership opportunities and those who were in jeopardy of losing their homes due to foreclosure.

Form 990, Page 2, Part III, Line 4C

Wealth watchers inc. Is a substantial contributor to the economic sustainability in urban and rural communities throughout florida and georgia. Wealth watchers provides products and services that create a prosperous, thriving ecosystem that is the catalyst for economic development, workforce development, home ownership and other quality housing options. These products and services contribute to the overall wealth and stability of the people and communities it serves. Wealth watchers is committed to ensuring that all residents have a voice and we believe that resident leadership and engagement are essential to ensuring we are building viable communities. Wealth watchers is a chartered member of neighborworks america, a network of the top high impact and collaborative community development and housing counseling organizations in the country.

Form 990, Page 2, Part III, Line 4D

Wealth watchers, inc. Through funds received from usda rural micro- entrepreneur assistant program (rmap) is providing loans to small businesses in rural areas of northeast florida and southeast, southwest, and central georgia. The organization currently has extended four loans to various small businesses.

Form 990, Part XI, Line 9

ROUNDING ERROR 6

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IRS990/MissionDesc0THE MISSION OF WEALTH WATCHERS INC. IS TO BUILD VIABLE COMMUNITIES BY EXPANDING THE EDUCATION AND KNOWLEDGE OF INDIVIDUALS, FAMILIES, AND COMMUNITIES FOR THE PURPOSE OF UNDERSTANDING AND APPLYING ESSENTIAL FINANCIAL STRATEGIES THAT LEADS TO THE ACCUMULATION OF GENERATIONAL WEALTH.
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IRS990/ProgSrvcAccomActy2Grp/Desc0WEALTH WATCHERS IS A HUD CERTIFIED HOUSING COUNSELING AGENCY THAT IS COMMITTED TO PROVIDING A CYCLICAL APPROACH TO BUILDING WEALTH AMONG CITIZENS IN FLORIDA. WEALTH WATCHERS PROVIDES FINANCIAL COACHING, HOUSING COUNSELING AND EDUCATIONAL SERVICES TO INDIVIDUALS AND FAMILIES IN VARIOUS PARTS OF FLORIDA. WEALTH WATCHERS IS A MEMBER OF THE HOMEFREE USA HUD INTERMEDIARY NETWORK AND UNDERSTANDS THE IMPORTANCE OF EXPANDING THE KNOWLEDGE OF ALL INDIVIDUALS, ESPECIALLY THOSE IN THE LOW TO MIDDLE INCOME BRACKET, FOR THE PURPOSE OF UNDERSTANDING THE IMPORTANCE OF BASIC FINANCE AND THE ACCUMULATION OF WEALTH. RECOGNIZING THAT HOMEOWNERSHIP IS THE MAIN VEHICLE FOR BUILDING WEALTH AMONG MANY CITIZENS, WEALTH WATCHERS POSITION ITSELF TO BE A VIABLE RESOURCE FOR CITIZENS PURSUING HOMEOWNERSHIP OPPORTUNITIES AND THOSE WHO WERE IN JEOPARDY OF LOSING THEIR HOMES DUE TO FORECLOSURE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01337078
IRS990/ProgSrvcAccomActy3Grp/Desc0WEALTH WATCHERS INC. IS A SUBSTANTIAL CONTRIBUTOR TO THE ECONOMIC SUSTAINABILITY IN URBAN AND RURAL COMMUNITIES THROUGHOUT FLORIDA AND GEORGIA. WEALTH WATCHERS PROVIDES PRODUCTS AND SERVICES THAT CREATE A PROSPEROUS, THRIVING ECOSYSTEM THAT IS THE CATALYST FOR ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, HOME OWNERSHIP AND OTHER QUALITY HOUSING OPTIONS. THESE PRODUCTS AND SERVICES CONTRIBUTE TO THE OVERALL WEALTH AND STABILITY OF THE PEOPLE AND COMMUNITIES IT SERVES. WEALTH WATCHERS IS COMMITTED TO ENSURING THAT ALL RESIDENTS HAVE A VOICE AND WE BELIEVE THAT RESIDENT LEADERSHIP AND ENGAGEMENT ARE ESSENTIAL TO ENSURING WE ARE BUILDING VIABLE COMMUNITIES. WEALTH WATCHERS IS A CHARTERED MEMBER OF NEIGHBORWORKS AMERICA, A NETWORK OF THE TOP HIGH IMPACT AND COLLABORATIVE COMMUNITY DEVELOPMENT AND HOUSING COUNSELING ORGANIZATIONS IN THE COUNTRY.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0WEALTH WATCHERS, INC. THROUGH FUNDS RECEIVED FROM USDA RURAL MICRO- ENTREPRENEUR ASSISTANT PROGRAM (RMAP) IS PROVIDING LOANS TO SMALL BUSINESSES IN RURAL AREAS OF NORTHEAST FLORIDA AND SOUTHEAST, SOUTHWEST, AND CENTRAL GEORGIA. THE ORGANIZATION CURRENTLY HAS EXTENDED FOUR LOANS TO VARIOUS SMALL BUSINESSES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF WEALTH WATCHERS INC. IS TO BUILD VIABLE COMMUNITIES BY EXPANDING THE EDUCATION AND KNOWLEDGE OF INDIVIDUALS, FAMILIES, AND COMMUNITIES FOR THE PURPOSE OF UNDERSTANDING AND APPLYING ESSENTIAL FINANCIAL STRATEGIES THAT LEADS TO THE ACCUMULATION OF GENERATIONAL WEALTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE VOLUNTEERS HELP IN EVENT PLANNING, CROWD CONTROL, AND CLEAN UP. NO COMPENSATIONS ARE PROVIDED TO THE VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WEALTH WATCHERS, INC. IS AMONG MANY ORGANIZATIONS IN NORTH FLORIDA PROMOTING THE NEED FOR AFFORDABLE HOUSING IN JACKSONVILLE, FL, AND THE SURROUNDING COMMUNITIES. THE ORGANIZATION HAS A COMBINATION OF SINGLE- FAMILY HOMES AND MULTI-UNIT PROPERTIES CURRENTLY RENTED TO LOW- AND MIDDLE-INCOME FAMILIES. WEALTH WATCHERS, INC., CONTRIBUTION TO AFFORDABLE RENTAL HOUSING PROMOTES ECONOMIC DIVERSITY AND THE CREATION OR SUSTAINING OF MIXED-INCOME NEIGHBORHOODS. PRESERVING AFFORDABLE RENTALS ALSO ALLOWS LONGTIME RESIDENTS TO REMAIN IN THEIR NEIGHBORHOODS. WEALTH WATCHERS CONTINUES TO MEET THE DEMAND FOR AFFORDABLE RENTAL HOUSING THROUGH COLLABORATION AMONG GOVERNMENT, PRIVATE, AND PUBLIC FUNDING SOURCES. THESE GROUPS ARE MOTIVATED TO PRESERVE AFFORDABLE HOUSING BECAUSE OF ITS IMPACT AT THE INDIVIDUAL HOUSEHOLD, NEIGHBORHOOD, AND COMMUNITY LEVEL. FOR SOME HOUSEHOLDS, PRESERVATION SAFEGUARDS AFFORDABILITY DURING A TIME OF RISING HOUSING COSTS AND SHRINKING INCOMES. IT FURTHER HELPS TO REVITALIZE AND STABILIZE NEIGHBORHOODS THAT CAN OFFER ACCESS TO OPPORTUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WEALTH WATCHERS IS A HUD CERTIFIED HOUSING COUNSELING AGENCY THAT IS COMMITTED TO PROVIDING A CYCLICAL APPROACH TO BUILDING WEALTH AMONG CITIZENS IN FLORIDA. WEALTH WATCHERS PROVIDES FINANCIAL COACHING, HOUSING COUNSELING AND EDUCATIONAL SERVICES TO INDIVIDUALS AND FAMILIES IN VARIOUS PARTS OF FLORIDA. WEALTH WATCHERS IS A MEMBER OF THE HOMEFREE USA HUD INTERMEDIARY NETWORK AND UNDERSTANDS THE IMPORTANCE OF EXPANDING THE KNOWLEDGE OF ALL INDIVIDUALS, ESPECIALLY THOSE IN THE LOW TO MIDDLE INCOME BRACKET, FOR THE PURPOSE OF UNDERSTANDING THE IMPORTANCE OF BASIC FINANCE AND THE ACCUMULATION OF WEALTH. RECOGNIZING THAT HOMEOWNERSHIP IS THE MAIN VEHICLE FOR BUILDING WEALTH AMONG MANY CITIZENS, WEALTH WATCHERS POSITION ITSELF TO BE A VIABLE RESOURCE FOR CITIZENS PURSUING HOMEOWNERSHIP OPPORTUNITIES AND THOSE WHO WERE IN JEOPARDY OF LOSING THEIR HOMES DUE TO FORECLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WEALTH WATCHERS INC. IS A SUBSTANTIAL CONTRIBUTOR TO THE ECONOMIC SUSTAINABILITY IN URBAN AND RURAL COMMUNITIES THROUGHOUT FLORIDA AND GEORGIA. WEALTH WATCHERS PROVIDES PRODUCTS AND SERVICES THAT CREATE A PROSPEROUS, THRIVING ECOSYSTEM THAT IS THE CATALYST FOR ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, HOME OWNERSHIP AND OTHER QUALITY HOUSING OPTIONS. THESE PRODUCTS AND SERVICES CONTRIBUTE TO THE OVERALL WEALTH AND STABILITY OF THE PEOPLE AND COMMUNITIES IT SERVES. WEALTH WATCHERS IS COMMITTED TO ENSURING THAT ALL RESIDENTS HAVE A VOICE AND WE BELIEVE THAT RESIDENT LEADERSHIP AND ENGAGEMENT ARE ESSENTIAL TO ENSURING WE ARE BUILDING VIABLE COMMUNITIES. WEALTH WATCHERS IS A CHARTERED MEMBER OF NEIGHBORWORKS AMERICA, A NETWORK OF THE TOP HIGH IMPACT AND COLLABORATIVE COMMUNITY DEVELOPMENT AND HOUSING COUNSELING ORGANIZATIONS IN THE COUNTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WEALTH WATCHERS, INC. THROUGH FUNDS RECEIVED FROM USDA RURAL MICRO- ENTREPRENEUR ASSISTANT PROGRAM (RMAP) IS PROVIDING LOANS TO SMALL BUSINESSES IN RURAL AREAS OF NORTHEAST FLORIDA AND SOUTHEAST, SOUTHWEST, AND CENTRAL GEORGIA. THE ORGANIZATION CURRENTLY HAS EXTENDED FOUR LOANS TO VARIOUS SMALL BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON COMPLETION OF THE TAX RETURN BY THE AUDIT FIRM, THE TAX RETURN IS REVIEWED BY THE ORGANIZATION'S STAFF, CFO, AND PRESIDENT/CEO. ANY CORRECTIONS ARE MADE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE (IRS). COPIES OF THE TAX RETURN ARE MADE AVAILABLE TO BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OFFICERS AND DIRECTORS/TRUSTEES ARE REQUIRED TO COMPLETE QUESTIONNAIRES THAT IDENTIFIES KEY AREAS OF CONFLICT OF INTERESTS ANNUALLY. THE BOARD REVIEWS THE QUESTIONNAIRES AND HANDLES ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD EVALUATES THE PRESIDENT/CEO'S JOB PERFORMANCE PERIODICALLY AND WHEN DEEMED APPROPRIATE THE BOARD VOTES ON COMPENSATION INCREASE FOR THE PRESIDENT/CEO. THE BOARD COMPARES SALARY INFORMATION OF COMPARABLE POSITIONS IN THE CITY OF JACKSONVILLE, FLORIDA BEFORE AWARDING ANY SALARY INCREASE. THE BOARD MAINTAINS APPROPRIATE RECORD OF IT'S DELIBERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PRESIDENT/CEO EVALUATES THE JOB PERFORMANCE OF HIS/HER SUBORDINATES PERIODICALLY AND WHEN DEEMED APPROPRIATE HE/SHE RECOMMENDS RAISES FOR THEM BASED ON SALARY INFORMATION OF COMPARABLE POSITIONS IN THE CITY OF JACKSONVILLE, FLORIDA. APPROPRIATE RECORD(S) ARE MAINTAINED IN THE HUMAN RESOURCES DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ROUNDING ERROR 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 2, PART III, LINE 4C

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