Civic Intelligence

Watson Street Management & Development Corporation

990 • Fiscal year 2022 • EIN 47-1636395

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 17, 2024

Organization ProfileCAMDENHOUSING.ORG
2021 Watson Street 2nd FloorCamden, NJ 08105

(856) 968-2700

Siviq Scores

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

Liabilities / Assets

56th percentile

0.71x

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

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

1.74x

Higher debt load relative to revenue than 49% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Net Margin

34th percentile

-32%

Higher net margin than 34% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

66th percentile

$161,071

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

19%

Faster asset growth than 88% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

70%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$3,909,075

Up $632,630 (+19%) from 2021

Net Assets

Down

$1,137,429

Down $509,634 (-31%) from 2021

Liabilities

Up

$2,771,646

Up $1,142,264 (+70%) from 2021

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin34th percentile

Revenue

Up

$1,594,575

Up $654,550 (+70%) from 2021

Expenses

Up

$2,103,507

Up $1,110,590 (+112%) from 2021

Net Income

Down

-$508,932

Down $456,040 (-862%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$10M$5.0M$0-$5.0MAssets 2017: $1,097,201Liabilities 2017: $383,114Net Assets 2017: $714,0872017Assets 2018: $1,029,624Liabilities 2018: $322,819Net Assets 2018: $706,8052018Assets 2019: $1,457,027Liabilities 2019: $929,447Net Assets 2019: $527,5802019Assets 2020: $2,840,364Liabilities 2020: $1,140,409Net Assets 2020: $1,699,9552020Assets 2021: $3,276,445Liabilities 2021: $1,629,382Net Assets 2021: $1,647,0632021Assets 2022: $3,909,075Liabilities 2022: $2,771,646Net Assets 2022: $1,137,4292022Assets 2022: $3,909,075Liabilities 2022: $2,771,646Net Assets 2022: $1,137,4292022Assets 2023: $5,623,809Liabilities 2023: $5,811,215Net Assets 2023: -$187,4062023Assets 2024: $5,118,447Liabilities 2024: $7,110,553Net Assets 2024: -$1,992,1062024

Highlighted filing

2022

Assets$3,909,075
Liabilities$2,771,646
Net Assets$1,137,429
Open 2022 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2017: $270,599Expenses 2017: $369,592Net Income 2017: -$98,9932017Revenue 2018: $150,575Expenses 2018: $157,857Net Income 2018: -$7,2822018Revenue 2019: $485,735Expenses 2019: $664,960Net Income 2019: -$179,2252019Revenue 2020: $2,138,554Expenses 2020: $1,121,581Net Income 2020: $1,016,9732020Revenue 2021: $940,025Expenses 2021: $992,917Net Income 2021: -$52,8922021Revenue 2022: $1,594,575Expenses 2022: $2,103,507Net Income 2022: -$508,9322022Revenue 2022: $1,594,575Expenses 2022: $2,103,507Net Income 2022: -$508,9322022Revenue 2023: $1,839,658Expenses 2023: $3,462,925Net Income 2023: -$1,623,2672023Revenue 2024: $1,762,128Expenses 2024: $3,591,158Net Income 2024: -$1,829,0302024

Highlighted filing

2022

Revenue$1,594,575
Expenses$2,103,507
Net Income-$508,932
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 17, 2024
Return Version
2022v5.0
Gross Receipts
$1,594,575
Mission and Program Overview

Mission

SEE SECTION O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,570,769$2,792,800▲ $222,031
Land, Buildings, and Equipment, Net$701,013$1,091,428▲ $390,415
Prepaid Expenses and Deferred Charges$3,961$24,847▲ $20,886
Total Assets$3,276,445$3,909,075▲ $632,630
Other Assets Total$702$0▼ $702
Liabilities
Accounts Payable and Accrued Expenses$1,622,215$1,913,959▲ $291,744
Other Liabilities$245$854,327▲ $854,082
Deferred Revenue$4,470$0▼ $4,470
Escrow Account Liability$2,452$3,360▲ $908
Total Liabilities$1,629,382$2,771,646▲ $1,142,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,647,063$1,137,429▼ $509,634
Total Net Assets Fund Balance$1,647,063$1,137,429▼ $509,634
Total Liabilities and Net Assets / Fund Balance$3,276,445$3,909,075▲ $632,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,010,386$131,775$1,142,161
Land$81,042-$81,042
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Melody Williams JohnsonPresident
Victor FigueroaPresident
Deborah Person-polkVice President
Naomi Soria-perezTrustee
Charles ValentineSecretary
Dwayne TuckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$238,102
Investment Income
$0
Other Revenue
$1,356,473
Change in Net Assets
$-508,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,594,575
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,594,575
Total Revenue per Form 990
$1,594,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,073,082
Salaries, Compensation, and Employee Benefits$1,030,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$889,586--$889,586
Other Employee Benefits$140,839--$140,839
Other Expenses$36,739--$36,739
Depreciation Depletion$22,368--$22,368
Insurance$18,005--$18,005
Occupancy$12,059--$12,059
Fees for Services Accounting$10,030--$10,030
Fees for Services Legal$1,610--$1,610
Total Functional Expenses$2,103,507$0$0$2,103,507

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,103,506
Total Expenses per Audited Statements$2,103,506
Total Expenses per Form 990$2,103,506
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Passthrough Liability$850,525
Salaries & Wages$3,030
Tenant Prepaid Rent$772
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is provided to the organization's governing board for review before filing.”

Form 990, Part VI, Section C, Line 19

“Any documents which are open to public inspection by law can be obtained by contacting the organization and making a formal request.”

Filing and Contact Details

Filer

Filer Name
Watson Street Management and Development
EIN
47-1636395
Phone
8569682700
Address
2021 WATSON STREET 2ND FLOOR, CAMDEN, NJ 08105

Signing Officer

Name
Melody Johnson-williams
Title
President
Phone
8569682700
Signed
2024-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melody Johnson-williams
Formed
2014
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Novogradac and Company Llp
Address
1144 HOOPER AVENUE SUITE 203, TOMS RIVER, NJ 08753
Preparer
Richard M Larsen
Phone
7325034257
Supplemental Narrative

Additional Explanations

Form 990 Part III

“The corporation's mission is to support the housing authority of the city of camden by providing property management services for affordable housing sites, development services for new affordable housing sites, and elderly care assistance services for the housing authority's residents.”

Form 990 Part XII, Line 2C

“No changes in process from prior year to current year.”

Form 990 Part I

“The corporation primarily supports the housing authority of the city of camden with property management and development of affordable housing in the city of camden.”

Amdended Return

“This return has been amended to include the 168(h) election.”

168(H) Election

“Election to be treated as a taxable entity the above-mentioned taxpayer hereby elects, under the provision of section 168(h) to treat any gain recognized on any disposition of such interest (and any dividend received or accrued by the tax exempt entity from the controlled entity) as unrelated business taxable income for purposes of section 511 of the internal revenue code.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits held for residents that have leased affordable units with watson street management and development corporation. The tenant security deposits will be returned at move out depending on the resident meeting all lease requirements.”

Raw XML AppendixShowing 400 of 544 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01622215
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01913959
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SECTION O
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WATSON STREET MANAGEMENT & DEVELOPMENT CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum08569682775
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02021 WATSON STREET 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0CAMDEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008105
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02570769
IRS990/CashNonInterestBearingGrp/EOYAmt02792800
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01073082
IRS990/CYOtherRevenueAmt01356473
IRS990/CYProgramServiceRevenueAmt0238102
IRS990/CYRevenuesLessExpensesAmt0-508932
IRS990/CYSalariesCompEmpBnftPaidAmt01030425
IRS990/CYTotalExpensesAmt02103507
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01594575
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt04470
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt022368
IRS990/DepreciationDepletionGrp/TotalAmt022368
IRS990/Desc0PROVIDED DEVELOPMENT AND CONSTRUCTION MANAGEMENT SERVICES FOR THE HOUSING AUTHORITY OF THE CITY OF CAMDEN RELATED TO THE REDEVELOPMENT OF THE HOUSING AUTHORITY'S BRANCE VILLAGE SITE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt02452
IRS990/EscrowAccountLiabilityGrp/EOYAmt03360
IRS990/ExpenseAmt01365292
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010030
IRS990/FeesForServicesAccountingGrp/TotalAmt010030
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01610
IRS990/FeesForServicesLegalGrp/TotalAmt01610
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLES VALENTINE
IRS990/Form990PartVIISectionAGrp/PersonNm1DEBORAH PERSON-POLK
IRS990/Form990PartVIISectionAGrp/PersonNm2MELODY WILLIAMS JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm3NAOMI SORIA-PEREZ
IRS990/Form990PartVIISectionAGrp/PersonNm4VICTOR FIGUEROA
IRS990/Form990PartVIISectionAGrp/PersonNm5DWAYNE TUCKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2161071
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01594575
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt018005
IRS990/InsuranceGrp/TotalAmt018005
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0131775
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0701013
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01091428
IRS990/LandBldgEquipCostOrOtherBssAmt01223203
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01647063
IRS990/NetAssetsOrFundBalancesEOYAmt01137429
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01647063
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01137429
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt012059
IRS990/OccupancyGrp/TotalAmt012059
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0702
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0140839
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0140839
IRS990/OtherExpensesGrp/Desc0PASSTHROUGH LOSSES
IRS990/OtherExpensesGrp/Desc1OTHER GENERAL EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0850280
IRS990/OtherExpensesGrp/ProgramServicesAmt1121991
IRS990/OtherExpensesGrp/ProgramServicesAmt236739
IRS990/OtherExpensesGrp/TotalAmt0850280
IRS990/OtherExpensesGrp/TotalAmt1121991
IRS990/OtherExpensesGrp/TotalAmt236739
IRS990/OtherLiabilitiesGrp/BOYAmt0245
IRS990/OtherLiabilitiesGrp/EOYAmt0854327
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0RESERVE FUNDING
IRS990/OtherRevenueMiscGrp/Desc1INSURANCE REIMBURSEMEN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0780000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1576473
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0780000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1576473
IRS990/OtherRevenueTotalAmt01356473
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0889586
IRS990/OtherSalariesAndWagesGrp/TotalAmt0889586
IRS990/PartialLiquidationInd00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03961
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024847
IRS990/PrincipalOfficerNm0MELODY JOHNSON-WILLIAMS
IRS990/PriorPeriodAdjustmentsAmt0-702
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0205950
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132152
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0205950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132152
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED PROPERTY MANAGEMENT SERVICES FOR AFFORDABLE HOUSING RENTAL UNITS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0502566
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED ELDERLY DAYCARE SERVICES FOR THE RESIDENTS OF THE CITY OF CAMDEN AT ELBA'S PLACE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0235649
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0130831
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0940025
IRS990/PYRevenuesLessExpensesAmt0-52892
IRS990/PYSalariesCompEmpBnftPaidAmt0862086
IRS990/PYTotalExpensesAmt0992917
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0940025
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-508932
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01594575
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0WATSON STREET MANAGEMENT AND DEVELOPMENT CORPORATION ("WATSON STREET") UTILIZES OFFICE AND COMMUNITY SPACES OWNED BY THE HOUSING AUTHORITY OF THE CITY OF CAMDEN TO PROVIDE SUPPORT SERVICES TO THE HOUSING AUTHORITY. THE HOUSING AUTHORITY DOES NOT CHARGE WATSON STREET FEES FOR THE UTILIZATION OF THE SPACE. THE DIRECTORS FOR WATSON STREET THAT ARE ALSO MANAGEMENT OF THE HOUSING AUTHORITY OF THE CITY OF CAMDEN DO NOT RECEIVE ADDITIONAL COMPENSATION AND WATSON STREET DOES NOT COMPENSATE THE DIRECTORS FOR THEIR SERVICES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART I - LINE 12G (A) (VI)
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0216000744
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HOUSING AUTHORITY OF THE CITY OF CAMDEN
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt02452
IRS990ScheduleD/BuildingsGrp/BookValueAmt01010386
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0131775
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01142161
IRS990ScheduleD/EndingBalanceAmt02452
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02103506
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt081042
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt081042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0850525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PASSTHROUGH LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALARIES & WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01594575
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS HELD FOR RESIDENTS THAT HAVE LEASED AFFORDABLE UNITS WITH WATSON STREET MANAGEMENT AND DEVELOPMENT CORPORATION. THE TENANT SECURITY DEPOSITS WILL BE RETURNED AT MOVE OUT DEPENDING ON THE RESIDENT MEETING ALL LEASE REQUIREMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01091428
IRS990ScheduleD/TotalExpensesPerForm990Amt02103506
IRS990ScheduleD/TotalLiabilityAmt0854327
IRS990ScheduleD/TotalRevenuePerForm990Amt01594575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01594575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02103506
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0161071
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELODY WILLIAMS JOHNSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0161071
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S MISSION IS TO SUPPORT THE HOUSING AUTHORITY OF THE CITY OF CAMDEN BY PROVIDING PROPERTY MANAGEMENT SERVICES FOR AFFORDABLE HOUSING SITES, DEVELOPMENT SERVICES FOR NEW AFFORDABLE HOUSING SITES, AND ELDERLY CARE ASSISTANCE SERVICES FOR THE HOUSING AUTHORITY'S RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY DOCUMENTS WHICH ARE OPEN TO PUBLIC INSPECTION BY LAW CAN BE OBTAINED BY CONTACTING THE ORGANIZATION AND MAKING A FORMAL REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGES IN PROCESS FROM PRIOR YEAR TO CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION PRIMARILY SUPPORTS THE HOUSING AUTHORITY OF THE CITY OF CAMDEN WITH PROPERTY MANAGEMENT AND DEVELOPMENT OF AFFORDABLE HOUSING IN THE CITY OF CAMDEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS RETURN HAS BEEN AMENDED TO INCLUDE THE 168(H) ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ELECTION TO BE TREATED AS A TAXABLE ENTITY THE ABOVE-MENTIONED TAXPAYER HEREBY ELECTS, UNDER THE PROVISION OF SECTION 168(H) TO TREAT ANY GAIN RECOGNIZED ON ANY DISPOSITION OF SUCH INTEREST (AND ANY DIVIDEND RECEIVED OR ACCRUED BY THE TAX EXEMPT ENTITY FROM THE CONTROLLED ENTITY) AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511 OF THE INTERNAL REVENUE CODE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5AMDENDED RETURN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6168(H) ELECTION
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt6WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt7WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt8WATSON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW HOPE PROPERTY MANAGEMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1ELBA'S PLACE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2NINTH STREET LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3WATSON STREET ASSISTED LIVING PROGRAM LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4CAMDEN HOUSING SERVICES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt5BRANCH VILLAGE ERG RECIPIENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt6NORTH 31ST STREETLCC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt7SOUTH TENTH STREET LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt8MCGUIRE GARDENS HOUSING DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0472158123
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1800959984
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2383944321
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN3472260020
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN4453817786
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN5352550240
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN6384088642
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN7320526725
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN8320544852
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd4NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd5NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd6NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd7NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd8NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROPERTY MANAGEMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1ELDERLY DAY CARE SERVICES
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2PROPERTY MANAGEMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3ELDERLY ASSISTED LIVING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt4HOUSING ASSISTANCE SERVICES
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt5GRANT/PROPERTY MANAGEMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt6GRANT/PROPERTY MANAGEMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt7GRANT/PROPERTY MANAGEMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt8PROPERTY MANAGEMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02021 WATSON STREET 2ND FLOOR

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,909,075
Liabilities
$2,771,646
Net assets
$1,137,429
Revenue
$1,594,575
Expenses
$2,103,507
Net income
-$508,932
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$7.11$1.99$1.76$3.59$1.83
2023Summary only. Only limited summary data is available for this year.$5.62$5.81$0.19$1.84$3.46$1.62
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$2.77$1.14$1.59$2.10$0.51
2022Detailed filing. Detailed filing data is available for this year.$3.91$2.77$1.14$1.59$2.10$0.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$1.63$1.65$0.94$0.99$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$1.14$1.70$2.14$1.12$1.02
2019Summary only. Only limited summary data is available for this year.$1.46$0.93$0.53$0.49$0.66$0.18
2018Summary only. Only limited summary data is available for this year.$1.03$0.32$0.71$0.15$0.16$0.01
2017Summary only. Only limited summary data is available for this year.$1.10$0.38$0.71$0.27$0.37$0.10