Civic Intelligence

Watauga Development Corporation

EIN 58-1627216 • 501(c)3 • Gray, TN

Profile

Group home for mentally ill adults

PO Box 9054Gray, TN 37615-9054

www.frontierhealth.org

Siviq Scores

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

Liabilities / Assets

96th percentile

2.14x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

2.75x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

24th percentile

-19%

Higher net margin than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

43rd percentile

-6.2%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

33rd percentile

-18%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$56,531

Down $7,678 (-12%) from 2023

Liabilities

Down

$120,780

Down $10,499 (-8.0%) from 2023

Net Assets

Up

-$64,249

Up $2,821 (+4.2%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin24th percentile

Revenue

Down

$43,980

Down $21,170 (-32%) from 2023

Expenses

Down

$52,137

Down $9,808 (-16%) from 2023

Net Income

Down

-$8,157

Down $11,362 (-355%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

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

$200K$100K$0-$100KAssets 2022: $64,321Liabilities 2022: $134,596Net Assets 2022: -$70,2752022Assets 2023: $64,209Liabilities 2023: $131,279Net Assets 2023: -$67,0702023Assets 2025: $56,531Liabilities 2025: $120,780Net Assets 2025: -$64,2492025

Highlighted filing

2025

Assets$56,531
Liabilities$120,780
Net Assets-$64,249
Open 2025 Filing

Operations Trend

Revenue Growth33rd percentile

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

$150K$100K$50K$0-$50KRevenue 2022: $106,947Expenses 2022: $99,501Net Income 2022: $7,4462022Revenue 2023: $65,150Expenses 2023: $61,945Net Income 2023: $3,2052023Revenue 2025: $43,980Expenses 2025: $52,137Net Income 2025: -$8,1572025

Highlighted filing

2025

Revenue$43,980
Expenses$52,137
Net Income-$8,157
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$56,531
Liabilities
$120,780
Net assets
-$64,249
Revenue
$43,980
Expenses
$52,137
Net income
-$8,157
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$1.21$0.64$0.44$0.52$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.64$1.31$0.67$0.65$0.62$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$1.35$0.70$1.07$1.00$0.07
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$65,150
Mission and Program Overview

Mission

Group home for mentally ill adults

Program Services

DescriptionGrantsExpenses
RESIDENTAL SHELTERED GROUP HOME SERVICE FOR 10 CHRONIC MENTALLY ILL ADULTS SUBSIDIZED BY THE US DEPARTMENT OF HOUSING URBAN DEVELOPMENT HUD-$61,945
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANE BOWENSecretary-$0--
VIRGINIA GINGER NASERIVice-President-$0--
KRISTIE HAMMONDSPresident-$0--
RACHEL PARSONSTreasurer-$0--
SHERRI FEATHERSBoarad Member-$0--
TIM PERRYBoard Member-$0--
ERIC GREENEBoard Member-$0--
KIM TRANTHAMBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Watauga Development Corporation
EIN
58-1627216
Phone
4234673622
Address
PO BOX 9054, GRAY, TN 37615-9054

Signing Officer

Name
Kristie Hammonds
Title
President
Phone
4234673622
Signed
2023-11-09
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Equipment rental and maintenance 21,024”

Form 990-EZ, Part I, Line 16, Other Expenses

“Depreciation 5,155”

Form 990-EZ, Part I, Line 16, Other Expenses

“Administrative expense 17,051”

Form 990-EZ, Part I, Line 16, Other Expenses

“UTILITIES 8,954”

Form 990-EZ, Part I, Line 16, Other Expenses

“TAXES INSRUANCE 2,116”

Form 990-EZ, Part I, Line 16, Other Expenses

“FINANCIAL 7,645”

Form 990-EZ, Part II, Line 24, Other Assets

“RESERVES RESTRICTED DEPOSITS Beginning of year 16,110, End of year 15,708”

Form 990-EZ, Part II, Line 26, Liabilities

“TOTAL LIABILITIES Beginning of year 134,596, End of year 131,279”

Raw XML Appendix170 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GRAY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0376159054
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt03809
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt04179
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03205
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt064321
IRS990EZ/Form990TotalAssetsGrp/EOYAmt064209
IRS990EZ/GrossReceiptsAmt065150
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01
IRS990EZ/LandAndBuildingsGrp/BOYAmt044402
IRS990EZ/LandAndBuildingsGrp/EOYAmt044322
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-70275
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-67070
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-70275
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-67070
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DIANE BOWEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VIRGINIA GINGER NASERI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KRISTIE HAMMONDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RACHEL PARSONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SHERRI FEATHERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5TIM PERRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ERIC GREENE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KIM TRANTHAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARAD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt016110
IRS990EZ/OtherAssetsTotalDetail/EOYAmt015708
IRS990EZ/OtherExpensesTotalAmt061945
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0GROUP HOME FOR MENTALLY ILL ADULTS
IRS990EZ/ProgramServiceRevenueAmt065149
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RESIDENTAL SHELTERED GROUP HOME SERVICE FOR 10 CHRONIC MENTALLY ILL ADULTS SUBSIDIZED BY THE US DEPARTMENT OF HOUSING URBAN DEVELOPMENT HUD
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt061945
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0134596
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0131279
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt061945
IRS990EZ/TotalProgramServiceExpensesAmt061945
IRS990EZ/TotalRevenueAmt065150
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.frontierhealth.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt065149
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0106945
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt053640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt062143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt062046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0349923
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0349923
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt065149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0106945
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt062046
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0349923
IRS990ScheduleA/TotalSupportAmt0349936
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Equipment rental and maintenance 21,024
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation 5,155
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADMINISTRATIVE EXPENSE 17,051
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UTILITIES 8,954
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAXES INSRUANCE 2,116
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL 7,645
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RESERVES RESTRICTED DEPOSITS Beginning of year 16,110, End of year 15,708
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TOTAL LIABILITIES Beginning of year 134,596, End of year 131,279
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Kristie Hammonds
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04234673622
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATAUGA DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WATA
ReturnHeader/Filer/EIN0581627216
ReturnHeader/Filer/PhoneNum04234673622
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 9054
ReturnHeader/Filer/USAddress/CityNm0GRAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0376159054
ReturnHeader/ReturnTs02023-11-09T02:13:29-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kristie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Hammonds
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

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The Word Project

501(c)3 • NTEE T50

Revenue$56,531
Assets$642

Revenue vs current organization

29% higher

Assets vs current organization

99% lower