Watauga Residental Development Corporation
- Assets
- $190.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gray, TN
- Founding
- 08/1987
- Data as of
- 06/2024
- EIN
- 58-1727579
Organization Overview
Watauga Residental Development Corporation is located in Gray, TN. The organization was established in 1987. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watauga Residental Development Corporation 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 06/2024, Watauga Residental Development Corporation generated $104.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $82.3k during the year ending 06/2024. While expenses have increased by 3.8% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SEMI-INDEPENDENT APARTMENT PROJECT FOR CHRONIC MENTALLY ILL ADULTS THAT CONSISTS OF 10 UNITS THAT ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristie Hammonds President | 0 | $0 | |
Diane Bowen Secretary | 0 | $0 | |
Bobby Allen Harris Treasurer | 0 | $0 | |
Sherri Feathers Board Member | 0 | $0 | |
Tim Perry Board Member | 0 | $0 | |
Kimberly Trantham Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,750 |
| Total Program Service Revenue | $81,829 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,581 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $82,343 |
| Total expenses | $82,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,890 |
| Other assets | $0 |
| Total assets | $189,994 |
| Total liabilities | $278,347 |
| Net assets or fund balances | -$88,353 |