Watch Inc
- Assets
- $959.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Waltham, MA
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 22-2918528
Organization Overview
Watch Inc, operating under the name Watch Cdc, is located in Waltham, MA. The organization was established in 1989. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Watch Cdc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watch Cdc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Watch Cdc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 28.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATCH CDC WORKS TOWARDS A MORE JUST COMMUNITY IN THE WALTHAM AREA BY PROMOTING AFFORDABLE HOUSING, PROVIDING ADULT EDUCATION AND LEADERSHIP DEVELOPMENT, AND EMPOWERING UNDERREPRESENTED RESIDENTS THROUGH CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROGRAMS: PROVISION AND PROPERTY MANAGEMENT OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES IN WALTHAM, SUPPORT TO TENANTS TO STABILIZE RENTAL HOUSING. TENANT SUPPORT INCLUDES FREE, WALK-IN HELP WITH APPLYING FOR PUBLIC HOUSING, CONDUCTING ON-LINE HOUSING SEARCHES, SUPPORT DURING AN EVICTION PROCESS, ASSISTANCE IN FINDING EMERGENCY HOUSING, AND APPLYING FOR FUNDS FOR RENTAL ASSISTANCE. NON HOUSING RELATED SUPPORT INCLUDES ASSISTANCE IN APPLYING FOR BENEFITS SUCH AS FUEL ASSISTANCE AND FOOD STAMPS AND REFERRALS FOR HEALTH CARE, JOB SEARCH SERVICES, AND IMMIGRATION ASSISTANCE. COORDINATE WITH WALTHAM PUBLIC SCHOOLS TO IDENTIFY AND ASSIST FAMILIES WITH SCHOOL AGE CHILDREN AT RISK OF HOMELESSNESS. COORDINATE WITH OTHER SOCIAL SERVICE AGENCIES THAT OFFER SUPPORTS IN HOUSING AND BASIC NEEDS WITH MONTHLY INTER-AGENCY MEETINGS.
ADULT EDUCATION: PROVISION AND PROMOTION OF ADULT EDUCATION AND LEADERSHIP DEVELOPMENT FOR IMMIGRANTS AND NON-IMMIGRANTS IN THE WALTHAM AREA. EDUCATION INCLUDES ENGLISH LANGUAGE INSTRUCTIONS, LIFE SKILLS, FIRST TIME HOMEBUYING AND TENANT-LANDLORD LAW. WATCH ALSO OFFERS ESL CONVERSATION GROUPS, FREE 1 ON 1 ENGLISH TUTORING, GED CLASS, AND CITIZENSHIP CLASS.
COMMUNITY ORGANIZING - ADVOCACY AND COMMUNITY ORGANIZING OF WALTHAM RESIDENTS FOR AFFORDABLE AND DECENT HOUSING FOR LOW- AND MODERATE-INCOME HOUSEHOLDS IN WALTHAM. TO INCREASE THE AMOUNT OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES IN THE WALTHAM AREA AND TO BUILD THE VOICE AND PARTICIPATION OF LOCAL RESIDENTS IN THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Coste Co-President | OfficerTrustee | 1 | $0 |
Paulette Jenner President | OfficerTrustee | 1 | $0 |
Kiara Cardona Treasurer | OfficerTrustee | 1 | $0 |
Melvin Acevedo Director | Trustee | 1 | $0 |
Ava Shusterman Director | Trustee | 1 | $0 |
Ascander Suarez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $175,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $893,068 |
| Noncash contributions included in lines 1a–1f | $6,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,508 |
| Total Program Service Revenue | $32,694 |
| Investment income | $2,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,104,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $383,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,778 |
| Compensation of current officers, directors, key employees. | $40,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,086 |
| Pension plan accruals and contributions | $21,876 |
| Other employee benefits | $30,794 |
| Payroll taxes | $35,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,378 |
| Advertising and promotion | $686 |
| Office expenses | $881 |
| Information technology | $12,030 |
| Royalties | $0 |
| Occupancy | $66,452 |
| Travel | $97 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,028 |
| Interest | $1,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,555 |
| Insurance | $2,944 |
| All other expenses | $6,241 |
| Total functional expenses | $1,086,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,708 |
| Net Land, buildings, and equipment | $128,399 |
| Investments—publicly traded securities | $352,704 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,893 |
| Total assets | $959,789 |
| Accounts payable and accrued expenses | $34,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $31,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,272 |
| Total liabilities | $102,225 |
| Net assets without donor restrictions | $601,706 |
| Net assets with donor restrictions | $255,858 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $959,789 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Watch Inc has recieved totaling $121,156.
| Awarding Organization | Amount |
|---|---|
Foundation For Metrowest Inc Natick, MA PURPOSE: GENERAL SUPPORT | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,500 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $5,535 |
East Cambridge Savings Charitable Foundation Inc East Cambridge, MA PURPOSE: EXEMPT PURPOSE | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Endowment Analysis
| Beg. Balance | $1,762 |
| Net Contributions | $369,555 |
| Other Expense | $146,423 |
| Ending Balance | $224,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bishop Sheen Ecumenical Housing Foundation Inc Rochester, NY | $14,472,701 | $5,581,680 |
Long Island Housing Partnership Inc Hauppauge, NY | $11,769,661 | $6,179,842 |
New England Automated Clearing House Association Burlington, MA | $4,284,125 | $3,571,181 |
Watch Inc Waltham, MA | $959,789 | $1,104,680 |
Cny Fair Housing Inc Syracuse, NY | $339,528 | $1,036,616 |
Houses New York Inc New York, NY | $211,117 | $727,783 |
Fair Housing Development Fund Corp Glen Cove, NY | $1,303,259 | $721,335 |
Cnyc Inc New York, NY | $213,962 | $488,836 |
Refugee Welcome Corporation Albany, NY | $284,794 | $321,466 |
Charles River Episcopal Co-Housing Endeavor Inc Boston, MA | $1,102,934 | $306,667 |
Coalition For Livable Neighborhoods Inc New York, NY | $8,974 | $0 |
New Hampshire Coalition To End Homelessness Manchester, NH | $228,822 | $0 |