Watts House Project

“Description: depreciation. Amount: 11,136. Description: other expenses. Amount: 19,636. Total to form 990-ez, line 14: 30,772.”

“Description: banking fee. Amount: 1,118. Description: payroll taxes, taxes & licenses. Amount: 25. Description: payroll expenses. Amount: 4,068. Description: contracted staff. Amount: 10,824. Description: supplies. Amount: 3,968. Total to form 990-ez, line 16: 20,003.”

“Description: prior year adjustment. Amount: 3,008.”

“Description: other depreciable assets. Beg. Of year amount: 27,219. End of year amount: 16,469.”

“Description: due to steve glenn. Beg. Of year amount: 2,752. End of year amount: 0. Description: due to channing henry. Beg. Of year amount: 17,206. End of year amount: 0. Description: payroll liabilities. Beg. Of year amount: 2,298. End of year amount: 0.”

“The former executive director of watts house project was grossly negligent in his paid duties to the organization. He deceived the board of directors for more than 18 months regarding the appropriation of $70,600. Additionally he took a salary, medical stipend and payroll taxes that totaled $86,000 in payments for his full time position with the organization,while he apparently worked on other ventures. The organization was left with $35,000 in unpaid bills and no funds in the bank. The organization had to spend much time searching numerous files, invoices and documents as well as any back-up information for expenses incurred and title documents to the land it owned. In total the losses to the organization were in the range of $160,000 - $240,000. The theft and misappropriation of funds and time were discovered march 19, 2014, when the executive director called the president of the whp board and the programs director to confess the mismanagement of funds and numerous ongoing lies during his tenure. A police report was filed with the los angeles police department.”