Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Liabilities / Revenue
39th percentile
Higher debt load relative to revenue than 39% of similar nonprofits.
Net Margin
37th percentile
Higher net margin than 37% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
62nd percentile
Faster asset growth than 62% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Carrie Davis | President/ce | FT | $112,800 | $27,536 | $140,336 |
| Edward Gatson | COO | FT | $98,821 | $28,449 | $127,270 |
| Alyce Denson | CFO | FT | $89,479 | $26,235 | $115,714 |
| Name | Title |
|---|---|
| Coley Williams | President |
| Andre Higgins | Board Treasu |
| Harvey Harper | Member |
| Jacqueline Gray | Member |
| Larry Riley | Member |
| Bobbi Warford | Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Indelible Emergency Management LLC | Counseling | 841 PRUDENTIAL DRIVE, SUITE 500, Jacksonville, FL 32207 | $10,397,550 |
| Gangplank Management Group | Counseling | 100 N LAURA STREET, UNIT 801-1678, Jacksonville, FL 32202 | $2,317,149 |
| Faneuil | Counseling | 3824 CEDAR SPRINGS ROAD, Dallas, TX 75219 | $2,000,003 |
| Omni Strategies Consulting | Counseling | 4000 TURTON AVENUE, Jacksonville, FL 32208 | $990,000 |
| Neighborhood Home Solutions | - | 1600 DR MARTIN LUTHER KING JR ST, St Petersburg, FL 33701 | $464,800 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Notes Payable-current Portion | $127,230 |
“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.”
“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.”
“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.”
“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.”
“Governing documents are made available to the public upon request.”
“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.”
“The volunteers help in event planning, crowd control, and clean up. No compensations are provided to the volunteers.”
“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.”
“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.”
“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.”
“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.”
“ROUNDING ERROR 6”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1379207 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
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| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 23623 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 103052 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 157484 |
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| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 702 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 45154 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 359347 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 405203 |
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| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CARRIE DAVIS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9042654736 |
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| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | JACKSONVILLE |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 32205 |
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| IRS990/CompensationFromOtherSrcsInd | 0 | false |
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| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 2000003 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 990000 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 464800 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | 4000 TURTON AVENUE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 1600 DR MARTIN LUTHER KING JR ST |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 75219 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 4 | 33701 |
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| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | FANEUIL |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | OMNI STRATEGIES CONSULTING |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 4 | NEIGHBORHOOD HOME SOLUTIONS |
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| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | COUNSELING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | COUNSELING |
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| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 22970245 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 27417 |
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| IRS990/CYProgramServiceRevenueAmt | 0 | 519311 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 82722 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 145433 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 145433 |
| IRS990/Desc | 0 | 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. |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ALYCE DENSON |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | HARVEY HARPER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ANDRE HIGGINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | LARRY RILEY |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | COO |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD TREASU |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2001 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
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| IRS990/InfoInScheduleOPartXIInd | 0 | X |
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| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 49056 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 51556 |
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| IRS990/MissionDesc | 0 | 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. |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 525990 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 1 | OTHER INCOME |
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| IRS990/ProgramServiceRevenueGrp/Desc | 3 | LENDING INCOME |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 168430 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 24545 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 10298 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 168430 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 24545 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 10298 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | 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. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1337078 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | 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. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 710720 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 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. |
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| IRS990/PYTotalRevenueAmt | 0 | 12179604 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 82722 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 920607 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 39343598 |
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| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
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| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 39343598 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENT IN PROPERTIES |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | INVESTMENT IN A SUB |
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| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 87370 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 127230 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NOTES PAYABLE-CURRENT PORTION |
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| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 6173696 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE VOLUNTEERS HELP IN EVENT PLANNING, CROWD CONTROL, AND CLEAN UP. NO COMPENSATIONS ARE PROVIDED TO THE VOLUNTEERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | ROUNDING ERROR 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 2, PART III, LINE 4B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 2, PART III, LINE 4C |
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