Civic Intelligence

The Devito Watson Foundation

990PF • Fiscal year 2022 • EIN 83-2554356

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 08, 2023

Organization Profile
445 Park Avenue Floor 9New York, NY 10022-8606

(347) 768-5952

Siviq Scores

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

Liabilities / Assets

70th percentile

0.07x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

16.19x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Source year 2022

Net Margin

1st percentile

-1077%

Higher net margin than 1% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

48th percentile

-0.3%

Faster asset growth than 48% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$667,735

Down $1,726 (-0.3%) from 2021

Net Assets

Down

$619,166

Down $32,295 (-5.0%) from 2021

Liabilities

Up

$48,569

Up $30,569 (+170%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$3,000

Down $680,163 (-100%) from 2021

Expenses

Down

$35,295

Down $3,642 (-9.4%) from 2021

Net Income

Down

-$32,295

Down $676,521 (-105%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$800K$600K$400K$200K$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $4,870Liabilities 2019: $02019Assets 2020: $7,235Liabilities 2020: $0Net Assets 2020: $7,2352020Assets 2021: $669,461Liabilities 2021: $18,000Net Assets 2021: $651,4612021Assets 2022: $667,735Liabilities 2022: $48,569Net Assets 2022: $619,1662022Assets 2023: $680,838Liabilities 2023: $100,914Net Assets 2023: $579,9242023Assets 2024: $158,588Liabilities 2024: $0Net Assets 2024: $158,5882024

Highlighted filing

2022

Assets$667,735
Liabilities$48,569
Net Assets$619,166
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KRevenue 2018: $1Expenses 2018: $0Net Income 2018: $12018Revenue 2019: $5,143Expenses 2019: $273Net Income 2019: $4,8702019Revenue 2020: $8,725Expenses 2020: $6,360Net Income 2020: $2,3652020Revenue 2021: $683,163Expenses 2021: $38,937Net Income 2021: $644,2262021Revenue 2022: $3,000Expenses 2022: $35,295Net Income 2022: -$32,2952022Revenue 2023: $1Expenses 2023: $39,243Net Income 2023: -$39,2422023Revenue 2024: -$394,595Expenses 2024: $26,741Net Income 2024: -$421,3362024

Highlighted filing

2022

Revenue$3,000
Expenses$35,295
Net Income-$32,295
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 8, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTONIA E PALMIERIPresident-$0--
Filing and Contact Details

Filer

Filer Name
Devito Watson Foundation
EIN
83-2554356
Phone
3477685952
Address
445 PARK AVENUE FLOOR 9, NEW YORK, NY 10022-8606

Signing Officer

Name
Antonia E Palmieri
Title
President
Phone
3477685952
Signed
2023-07-08
Discuss with paid preparer
Yes

Preparer

Firm
Varrone and Associates LLC
Address
150 RIVER RD BLDG I SUITE 2, MONTVILLE, NJ 07045
Preparer
Francis a Varrone Sr CPA
Phone
9733358881
Raw XML Appendix303 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.

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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0CHILDRENS ENRICHMENT PROGRAM FOR YOUTH OF ALL ABILITIES OUR CHILDRENS ENRICHMENT PROGRAM FOR YOUTH OF ALL ABILITIES OFFERS ONGOING EVENTS, SUPPORT, CAMPS, AND WORKSHOPS FOR CHILDREN OF MIXED ABILITIES. ONCE 12 SAINT JOSEN ROAD IS HABITABLE, WE WILL RUN THE PROGRAM AT THE PROPERTY; PRESENTLY, THOUGH, THE INTERIOR IS NOT SAFE FOR INTERIOR USE SO WE ONLY HAVE ACCESSIBILITY FOR PROGRAM CLASSES ON THE LAWN. FOR THE MOST PART, OUR CHILDRENS ENRICHMENT PROGRAM FOR YOUTH OF ALL ABILITIES CLASSES AND EVENTS ARE PRESENTLY HELD OFF-SITE AT VARIOUS SCHOOLS AND STUDIOS, AND CONVENIENTLY LIVE-STREAMED VIA ZOOM. WE RUN A FREE SAT PREPARATION COURSE FOR HIGH SCHOOL STUDENTS AS PART OF THIS PROGRAM, WHICH RUNS THROUGHOUT THE FALL. CURRENTLY, LA SALLE ACADEMY AND NOTRE DAME ACADEMY IN LOWER MANHATTAN HAVE OVER FIFTY (50) OF THEIR STUDENTS BENEFITING FROM THE COURSE; OUR PLAN IS FOR THE COURSE TO CULMINATE WITH A CELEBRATION FOR THE STUDENTS ON THE LAWN OF 12 SAINT JOSEN ROAD. WE ALSO RUN A SUMMER CAMP W
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0OLDEN YEARS PROGRAM OUR GOLDEN YEARS PROGRAM IS DEDICATED TO ASSISTING THE ELDERLY WITH MOBILITY, WELLNESS, NOURISHMENT, SOCIALIZATION, AND PERSONAL CARE. THE PROGRAM WILL INCLUDE GROUP GATHERINGS AND CLASSES AT 12 SAINT JOSEN ROAD (THE DEVITO WATSON FOUNDATION CENTER) ONCE IT HAS BEEN RENOVATED. CLASSES SO FAR HAVE BEEN HELD EXCLUSIVELY OFF- SITE. WHILE OFF-SITE CLASSES WILL CONTINUE TO BE HELD, SO AS TO ENABLE SENIORS WHO MAY BE HOMEBOUND OR CONFINED TO A NURSING HOME OR SENIOR LIVING FACILITY TO PARTICIPATE, WE LOOK FORWARD TO HOLDING CLASSES AT THE DEVITO WATSON FOUNDATION CENTER. WE OFFER FUNCTIONAL MOBILITY CLASSES, MEET-AND-GREET EVENTS FOR SENIORS, NUTRITIONAL SUPPORT, WEEKLY CHECK-INS, ASSISTANCE WITH MEDICAL APPOINTMENT BOOKINGS, SENIOR EXERCISE CLASSES, AND SPIRITUAL COUNSELING. THE PROGRAM ALSO OFFERS SERVICES SUCH AS MEAL DELIVERY, NUTRITIONAL SUPPLEMENTATION DELIVERY, NURSE CONSULTATIONS BY PHONE, A 24-7 EMERGENCY LINE AND AIDE VISITATION. A UNIQUE ASPECT OF THE PROGRAM I
IRS990PF/SummaryOfDirectChrtblActyGrp/Description3Txt0VETERANS SUPPORT PROGRAM OUR VETERANS SUPPORT PROGRAM FOCUSES ON ASSISTING MEN AND WOMEN WHO HAVE RETURNED FROM SERVICE TO OBTAIN OCCUPATIONS AND HOUSING. OUR GOAL IS TO HELP VETERANS WITH THEIR TRANSITION INTO LIFE AFTER SERVICES, BY OFFERING A HANDS ON AND DIRECT APPROACH. TASKS SUCH AS RESUNE BUILDING, SUBMISSION OF JOB APPLICATIONSS, INTERVIEW TRAINING, EMPLOYER INTRODUCTIONS, CAREER FAIRS, AND HOUSING ACQUISITION ARE AT THE FOREFRONT OF THIS PROGRAM. WE PROVIDE SEMINARS, WORKSHOPS AND INDIVIDUALS MEETINGS WITH LOCAL VETERANS. UNIFORMS, SUITS AND OTHER WORKPLACE ESSENTIALS ARE PROVIDED TO VETERANS AS NEEDED ONCE WE HAVE SUCCESSFULLY HELPED THEM TO OBTAIN EMPLOYMENT. THE PROGRAM IS OFFERED TO ALL PARTICIPANTS FREE OF CHARGE. IN ADDITION, WE HONOR VETERANS AS PART OF THE PROGRAM, OFFERING EVENTS WHICH USUALLY INCLUDE FOOD AND GIVEWAYS FOR VETERANS ON VETERANS DAY AND DURING THE HOLIDAYS. WE PAY TRIBUTE TO THE NOBLE WORK THAT OUR VETERANS HAVE PERFORMED AND ARE CONTINUING TO PERFORM F
IRS990PF/SummaryOfDirectChrtblActyGrp/Description4Txt0SCHOLARSHIP-MENTORING PROGRAM WE OFFER ANNUAL SCHOLARSHIPS AS PART OF OUR SCHOLARSHIP- MENTORING PROGRAM. WE PROVIDE SCHOLARSHIPS IN THE FOLLOWING FOUR CATEGORIES: (1) ACADEMIC PERFORMANCE (2) ARTISTIC PERFORMANCE (3) COMMUNITY SERVICE (4) SPECIAL NEEDS AS PART OF THE PROGRAM, OUR SCHOLARSHIP RECEIPENTS RECEIVE ONGOING MENTORING, TUTORING, AND QUARTERLY PERFORMANCE CHECK-INS. OUR GOAL IS TO HELP KEEP OUR SCHOLARSHIP RECEIPIENTS SUPPORTED WITH THE ONGOING RESOURCES THAT THEY NEED TO EXCEL. WE ARE THE ACTIVE PARTNER WITH THE STUDENTS WE SERVE, PROVIDING THEM WITH IMPORTANT ONGOING RESOURCES THAT THEY NEED IN ORDER TO MAIMIZE THEIR POTENTIAL. WE ACT AS MORE THAN A MERE FINANCIAL BACKER, AND RATHER WE INVEST OUR TIME IN THE STUDENTS THAT WE ARE SERVING, TO HELP ENSURE A BRIGHTER FUTURE FOR THEM.
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LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm5ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm6ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm7ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm8ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm9ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt05000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt16000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt22500
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt32500
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt42500
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt5250
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt6844
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt72000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt8500
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt98475
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt02022-01
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt12022-03
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt22022-09
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt32022-05
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt42022-06
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt52022-06
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt62022-07
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt72022-05
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt82022-12
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt92022-09
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt0DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt1DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt2DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt3DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt4DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt5DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt6DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt7DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt8DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt9DIRECTOR
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1TECHNOLOGY/WEBSITE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2CONTRACTORS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4UTILITIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5PROGRAM SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6PROGRAM FOOD
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc7INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc8REPAIRS AND MAINTENANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc9MEALS AND ENTERTAINMENT
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc10LANDSCAPING
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc11HANDYMAN
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc12HOME DEPOT
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0155
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt13786
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt21021
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt33364
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt479
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt5250
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt62500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt7844
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0155
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt13786
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt21021
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt33364
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt479
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt5250
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt62500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt7844
TaxesSchedule/TaxesDetail/Amt03013
TaxesSchedule/TaxesDetail/Amt1125
TaxesSchedule/TaxesDetail/Amt244
TaxesSchedule/TaxesDetail/Amt38475
TaxesSchedule/TaxesDetail/CategoryTxt0REAL ESTATE TAXES
TaxesSchedule/TaxesDetail/CategoryTxt1CHAR500
TaxesSchedule/TaxesDetail/CategoryTxt2FRANCHISE TAX
TaxesSchedule/TaxesDetail/CategoryTxt3SCHOOL TAX
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt03013
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt1125
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt244
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt38475
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTONIA E PALMIERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03477685952
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DEVITO WATSON FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ANTONIA PALMIERI
ReturnHeader/Filer/BusinessNameControlTxt0DEVI
ReturnHeader/Filer/EIN0832554356
ReturnHeader/Filer/PhoneNum03477685952
ReturnHeader/Filer/USAddress/AddressLine1Txt0445 PARK AVENUE FLOOR 9
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0100228606
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223309900
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARRONE AND ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0150 RIVER RD BLDG I SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007045
ReturnHeader/PreparerPersonGrp/PhoneNum09733358881
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCIS A VARRONE SR CPA
ReturnHeader/ReturnTs02023-07-08T13:41:05-04:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANTONIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PALMIERI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$667,735
Liabilities
$48,569
Net assets
$619,166
Revenue
$3,000
Expenses
$35,295
Net income
-$32,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$3.95$0.27$4.21
2023Detailed filing. Detailed filing data is available for this year.$6.81$1.01$5.80$0.00$0.39$0.39
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.49$6.19$0.03$0.35$0.32
2021Detailed filing. Detailed filing data is available for this year.$6.69$0.18$6.51$6.83$0.39$6.44
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.09$0.06$0.02
2019Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.00$0.05
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00