Watch Inc
- Assets
- $978.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Waltham, MA
- Founding
- 01/1989
- Data as of
- 06/2023
- 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 06/2023, Watch Cdc employed 17 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 06/2023, Watch Cdc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. 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
2023
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 & 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 SUPPORT 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 UTILITY AND FINANCIAL ASSISTANCE AND FOOD STAMPS AND REFERRALS FOR HEALTH CARE, LEGAL AID, 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. ADDITIONALLY, THE TENANT ASSISTANCE FUND WAS ABLE TO PROVIDE OVER $140,000 OF DIRECT ASSISTANCE GRANTS TO WALTHAM RESIDENTS FOR RENT IN ARREARS, TO PREVENT UTILITY SHUT OFFS OR RESTORE HEAT & ELECTRICITY, PROVIDE EMERGENCY SHELTER, AND $500 BACK TO WORK GRANTS TO REDUCE BARRIERS TO WORK.
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. PROVIDED ASSISTANCE TO OVER 700 WALTHAM HOUSEHOLDS ANNUALLY.
COMMUNITY ORGANIZING - ADVOCACY AND COMMUNITY ORGANIZING OF WALTHAM RESIDENTS FOR AFFORDABLE AND SAFE 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 & 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 |
Ken Rabinoff-Goldman Co-President | OfficerTrustee | 1 | $0 |
Kiara Cordona Treasurer | OfficerTrustee | 1 | $0 |
Nehemie Bernard Clerk | OfficerTrustee | 1 | $0 |
Isaac Kateregga Director | Trustee | 1 | $0 |
Sylvia Kiggundu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $47,195 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $262,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $754,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,064,396 |
| Total Program Service Revenue | $9,761 |
| Investment income | $6,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,160,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $140,157 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $750,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,370 |
| Payroll taxes | $67,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,732 |
| Advertising and promotion | $870 |
| Office expenses | $0 |
| Information technology | $13,488 |
| Royalties | $0 |
| Occupancy | $52,734 |
| Travel | $999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,622 |
| Interest | $1,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,218 |
| Insurance | $4,674 |
| All other expenses | $17,392 |
| Total functional expenses | $1,254,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,306 |
| Savings and temporary cash investments | $400,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,500 |
| 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 | $82,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,089 |
| Total assets | $978,400 |
| Accounts payable and accrued expenses | $9,912 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $347,422 |
| Total liabilities | $357,334 |
| Net assets without donor restrictions | $580,234 |
| Net assets with donor restrictions | $40,832 |
| 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 | $978,400 |