Westwater Financial Inc
- Assets
- $0.0
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Santa Rosa, CA
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 61-1668194
Organization Overview
Westwater Financial Inc is located in Santa Rosa, CA. The organization was established in 2012. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Westwater Financial Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westwater Financial Inc 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 12/2023, Westwater Financial Inc generated $250.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $326.2k during the year ending 12/2023. 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
NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. TO FOSTER, FACILITATE AND PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT AMONG DRY CREEK TRIBAL MEMBERS, THIER FAMILIES AND OTHER NATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DEVELOPMENT SERVICES AND TECHNICAL TRAINING TO UNDERSERVED MEMBERS OF OUR TARGET MARKET, PRIMARILY THROUGH CREDIT CONSULTING/BUDGETING CLASSES AND FINANCIAL SKILLS FOR FAMILY CLASSES. APPROXIMATELY 78 TRIBAL MEMBERS IN VARIOUS PROGRAMS SERVED. 21 BUDGETING ENROLLEES, 40 CREDIT REPAIR OR CREDIT BUILDING, 8 FINANCIAL SKILLS FOR FAMILIES, 2 RENTAL READINESS, 5 FIRST-TIME HOME BUYERS, 43 LIFE SKILLS, 2 RENTER READINESS & 1 SMALL BUSINESS INDIANPRENUERSHIP.
PROVIDED UNDERWRITING AND LENDING CAPITAL TO UNDERSERVED MEMBERS OF THE NATIVE AMERICAN COMMUNITY IN ITS TARGET MARKET. APPROXIMATELY 29 TRIBAL MEMBERS WERE SERVED, 30 CONSUMER LOANS AND 1 EMERGENCY LOAN.
PROGRAM DEVELOPMENT SERVICES FOR SMALL BUSINESS. 1 BUSINESSES SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Burns Executive Director | Officer | 20 | $64,670 |
David Chavez Director | Trustee | 0.5 | $0 |
Cindi Brown Secretary | Trustee | 0.5 | $0 |
George Rojes President | Trustee | 0.5 | $0 |
Stacie Racho Director | Trustee | 0.5 | $0 |
Blair Moreno Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $74 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,455 |
| Total Program Service Revenue | $50,630 |
| Investment income | $75,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,779 |
| Compensation of current officers, directors, key employees. | $30,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,875 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $9,191 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,213 |
| Insurance | $6,134 |
| All other expenses | $5,279 |
| Total functional expenses | $326,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |