Civic Intelligence

Wealth Watchers Inc.

990 • Fiscal year 2022 • EIN 01-0638984

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 27, 2023

5310 Lenox Avenue Suite 4Jacksonville, FL 32205

(904) 265-4736

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.22x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

1.12x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$110,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

53rd percentile

1.7%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-54%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$7,150,776

Up $121,524 (+1.7%) from 2021

Net Assets

Down

$5,572,014

Down $192,029 (-3.3%) from 2021

Liabilities

Up

$1,578,762

Up $313,553 (+25%) from 2021

Revenue

Down

$1,406,948

Down $1,683,642 (-54%) from 2021

Expenses

Down

$1,598,976

Down $1,434,148 (-47%) from 2021

Net Income

Down

-$192,028

Down $249,494 (-434%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$7,150,776
Liabilities$1,578,762
Net Assets$5,572,014

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$1,406,948
Expenses$1,598,976
Net Income-$192,028
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 27, 2023
Return Version
2022v5.0
Gross Receipts
$1,406,948
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$1,157,114$1,153,465▼ $3,649
Other Notes and Loans Receivable, Net$208,397$257,264▲ $48,867
Pledges and Grants Receivable$60,655$124,899▲ $64,244
Land, Buildings, and Equipment, Net$17,766$51,504▲ $33,738
Prepaid Expenses and Deferred Charges$35,337$29,389▼ $5,948
Total Assets$7,029,252$7,150,776▲ $121,524
Other Assets Total$5,549,983$5,534,255▼ $15,728
Liabilities
Unsecured Notes Loans Payable$783,524$1,248,541▲ $465,017
Other Liabilities$445,942$271,312▼ $174,630
Deferred Revenue$34,056$43,608▲ $9,552
Accounts Payable and Accrued Expenses$1,687$15,301▲ $13,614
Total Liabilities$1,265,209$1,578,762▲ $313,553
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,423,298$3,231,269▼ $192,029
Net Assets With Donor Restrictions$2,340,745$2,340,745→ $0
Total Net Assets Fund Balance$5,764,043$5,572,014▼ $192,029
Total Liabilities and Net Assets / Fund Balance$7,029,252$7,150,776▲ $121,524

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$572,207-$572,207
Equipment$9,430$57,065$66,495
Other Land Buildings$42,074$5,425$47,499
Leasehold Improvements-$25,145$25,145
Other Assets Org$3,990--
Land$-572,207-$-572,207
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carrie DavisPresident/ceFT$110,000$110,000
Edward GatsonCOOFT$80,648$80,648
Alyce DensonCFOFT$74,337$74,337

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$987,801
Program Service Revenue
$419,147
Investment Income
$0
Other Revenue
$0
All Other Contributions
$341,470
Change in Net Assets
$-192,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,852
Salaries, Compensation, and Employee Benefits$603,124
Total Fundraising Expense$73,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$422,901$62,652$36,547$522,100
Depreciation Depletion$139,581$2,177-$141,758
All Other Expenses$110,137$5,832$2,338$118,307
Insurance$74,340$17,000-$91,340
Advertising$44,656$7,880$26,911$79,447
Occupancy$59,678$11,136$1,856$72,670
Travel$38,111$16,333-$54,444
Other Expenses$36,654$12,625-$49,279
Payroll Taxes$33,735$4,998$2,915$41,648
Other Employee Benefits$31,895$4,725$2,756$39,376
Interest$31,984--$31,984
Information Technology$21,223$9,095-$30,318
Office Expenses$13,823$6,329$215$20,367
Fees for Services Accounting$10,528$7,022-$17,550
Fees for Services Legal$1,668$1,111-$2,779
Total Functional Expenses$1,356,523$168,915$73,538$1,598,976
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$271,312
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
2023-06-27

Organization Details

Principal Officer
Carrie Davis
Formed
2001
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
17

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 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 4B

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 4C

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 positions 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 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 AMOUNT -1

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IRS990/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/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, 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/ProgSrvcAccomActy3Grp/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 POSITIONS ITSELF TO BE A VIABLE RESOURCE FOR CITIZENS PURSUING HOMEOWNERSHIP OPPORTUNITIES AND THOSE WHO WERE IN JEOPARDY OF LOSING THEIR HOMES DUE TO FORECLOSURE.
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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE-CURRENT PORTION
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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 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/ExplanationTxt3WEALTH 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/ExplanationTxt4WEALTH 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 POSITIONS 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/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 AMOUNT -1
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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