NonprofitsWealth Watchers Inc

Housing & Shelter

Wealth Watchers Inc

JACKSONVILLE, FL

Total revenue

$23.5M

Total expenses

$23.4M

Net assets

$10.7M

Grants received

$4.2M

27 grants

EIN

010638984

Tax year

2024

Mission

The mission of wealth watchers inc. Is to build viable communities by expanding the education and knowledge of individuals, families, and communities for the purpose of understanding and applying essential financial strategies that leads to the accumulation of generational wealth.

Programs

3 programs

Wealth watchers is a hud certified housing counseling agency that is committed to providing a cyclical approach to building wealth among citizens in florida. Wealth watchers provides financial coaching, housing counseling and educational services to individuals and families in various parts of florida. Wealth watchers is a member of the homefree usa hud intermediary network and understands the importance of expanding the knowledge of all individuals, especially those in the low to middle income bracket, for the purpose of understanding the importance of basic finance and the accumulation of wealth. Recognizing that homeownership is the main vehicle for building wealth among many citizens, wealth watchers position itself to be a viable resource for citizens pursuing homeownership opportunities and those who were in jeopardy of losing their homes due to foreclosure.

Expenses: $1.3M

Wealth watchers inc. Is a substantial contributor to the economic sustainability in urban and rural communities throughout florida and georgia. Wealth watchers provides products and services that create a prosperous, thriving ecosystem that is the catalyst for economic development, workforce development, home ownership and other quality housing options. These products and services contribute to the overall wealth and stability of the people and communities it serves. Wealth watchers is committed to ensuring that all residents have a voice and we believe that resident leadership and engagement are essential to ensuring we are building viable communities. Wealth watchers is a chartered member of neighborworks america, a network of the top high impact and collaborative community development and housing counseling organizations in the country.

Expenses: $711K

Wealth watchers, inc. Through funds received from usda rural micro- entrepreneur assistant program (rmap) is providing loans to small businesses in rural areas of northeast florida and southeast, southwest, and central georgia. The organization currently has extended four loans to various small businesses.

Expenses: $103K

Financials

FY 2024

Revenue

Contributions & grants$23.0M
Program service revenue$519K
Investment income$27K
Other revenue
Total revenue$23.5M

Expenses

Grants paid
Salaries & benefits$1.2M
Fundraising$70K
Other expenses$22.2M
Total expenses$23.4M
Total assets$13.9M
Net assets$10.7M

People

9 listed

NameRoleCompensation

CARRIE DAVIS

PRESIDENT/CE

Board

$113K

40 hrs/wk

EDWARD GATSON

COO

Board

$99K

40 hrs/wk

ALYCE DENSON

CFO

Board

$89K

40 hrs/wk

JACQUELINE GRAY

MEMBER

Board

0.25 hrs/wk

HARVEY HARPER

MEMBER

Board

0.25 hrs/wk

ANDRE HIGGINS

BOARD TREASU

Board

1 hrs/wk

LARRY RILEY

MEMBER

Board

0.25 hrs/wk

BOBBI WARFORD

SECRETARY

Board

1 hrs/wk

COLEY WILLIAMS

PRESIDENT

Board

1 hrs/wk

Independent contractors

INDELIBLE EMERGENCY MANAGEMENT LLC

COUNSELING

$10.4M

GANGPLANK MANAGEMENT GROUP

COUNSELING

$2.3M

FANEUIL

COUNSELING

$2.0M

OMNI STRATEGIES CONSULTING

COUNSELING

$990K

NEIGHBORHOOD HOME SOLUTIONS

$465K

Grants received

Showing 27 of 27

FromAmountPurposeYear
$30K
Housing Counseling
2024
$776K
DOA/DCF/DOE
2023
$100K
PROGRAM/OPERATING SUPPORT
2023
$60K
Property purchased for renovation and sale to low and moderate income potential homeowners.
2023
$12K
CHARITABLE DONATION
2023
$10K
RURAL B.E.S.T. INITIATIVE
2023
$143K
Property purchased for renovation and sale to low and moderate income potential homeowners.
2022
$100K
PROGRAM/OPERATING SUPPORT
2022
$10K
PROGRAM/OPERATING SUPPORT
2022
$10K
RURAL B.E.S.T. INITIATIVE
2022
$10K
RURAL B.E.S.T. INITIATIVE
2021
$250K
OPERATIONAL SUPPORT
2020
$67K
Counseling
2020
$67K
COUNSELING
2020
$10K
RURAL B.E.S.T. INITIATIVE
2020
$75K
TEMPORARILY RESTRICTED
2018

Funded by

$4.2M from 8 funders · 27 grants · 2017–2024

Neighborhood Reinvestment Corporation

$2.5M · 8 grants · 2017–2023

The Ounce Of Prevention Fund

$812K · 3 grants · 2020–2023

Homefree Usa Inc

$367K · 5 grants · 2020–2024

United Way Of Northeast Florida Inc

$250K · 1 grant · 2020

The Bank of America Charitable Foundation Inc

$210K · 3 grants · 2022–2023

Local Initiatives Support Corporation

$44K · 2 grants · 2023–2024

Td Charitable Foundation

$40K · 4 grants · 2020–2023

Charities Aid Foundation America

$12K · 1 grant · 2023

Details

EIN010638984
NTEE codeL22
Subsection03
Ruling date2002-07
Formed2001
Employees19
WEALTH WATCHERS INC — Mission, Financials & Grants Received | Grantivo