Watts Healthcare Corporation
- Assets
- $28.6m
- Revenue
- $40.0m
- Investments
- $0.0
- Employees
- 369
- Location
- Los Angeles, CA
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 75-3046480
Organization Overview
Watts Healthcare Corporation is located in Los Angeles, CA. The organization was established in 2002. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Watts Healthcare Corporation employed 369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watts Healthcare 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 12/2021, Watts Healthcare Corporation generated $40.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $35.7m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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
TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITIES THAT WE SERVE BY ENSURING ACCESS TO COMPASSIONATE, QUALITY, CULTURALLY-SENSITIVE PREVENTIVE AND PRIMARY HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATTS HEALTHCARE CORPORATION PROVIDES PRIMARY CARE PROGRAM SERVICES FEDERALLY UNDER HRSA GRANT SECTION 330 OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THROUGH THIS PROGRAM WITH ADDED STATE MEDI-CAL REVENUE AND FEDERAL FUNDING SUCH AS MEDICARE, WHCC PROVIDES PRIMARY MEDICAL CARE, DENTAL SERVICES, BEHAVIORAL HEALTH AND SPECIALTY SERVICES SUCH AS PODIATRY, OPTHALMOLOGY, AND OPTOMETRY.
IN ADDITION TO CLINICAL SERVICES WHCC OPERATES WOMEN, INFANT, AND CHILDREN NUTRITION PROGRAM SITES.
WHCC OPERATES A RESIDENTIAL AND OUT-PATIENT SUBSTANCE USE DISORDER PROGRAM KNOWN AS THE HOUSE OF UHURU. THE PROGRAM OPERATES 24/7 AND IS LICENSED FOR 66 BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick Seamster Former CEO - Separated In 2021 | Officer | 0 | $337,500 |
Oliver Brooks Chief Med Director | Officer | 40 | $296,894 |
Duane Cox Chief Physician | Officer | 40 | $248,972 |
Cozzette Lyons-Jones Chief Adult Me | Officer | 40 | $246,106 |
Vilma Gonzalez-Barreto Chief Physician Ob/gyn | Officer | 40 | $243,285 |
Khang Hoang Staff Physician Urgent | 40 | $215,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Service Security Services | 12/30/21 | $535,763 |
Uniserve Facilities Scvs Corp Cleaning Services | 12/30/21 | $485,440 |
Comphealth Medical Staffing Provide Healthcare Staffing | 12/30/21 | $418,881 |
Littler Mendelson Pc Nat'l Emp & Labo Legal Services | 12/30/21 | $350,771 |
Talent Strategies Llc Provide Temporary Clinical Staffing | 12/30/21 | $306,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,524,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,788,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,313,309 |
| Total Program Service Revenue | $16,641,117 |
| Investment income | $0 |
| 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 | $39,954,426 |
| 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. | $3,022,244 |
| Compensation of current officers, directors, key employees. | $545,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,596,419 |
| Pension plan accruals and contributions | $625,043 |
| Other employee benefits | $3,908,590 |
| Payroll taxes | $1,239,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $432,814 |
| Fees for services: Accounting | $73,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,754,179 |
| Advertising and promotion | $0 |
| Office expenses | $714,418 |
| Information technology | $430,289 |
| Royalties | $0 |
| Occupancy | $3,550,065 |
| Travel | $97,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $175,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $671,681 |
| Insurance | $304,347 |
| All other expenses | $554,824 |
| Total functional expenses | $35,665,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,885,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,537,468 |
| Accounts receivable, net | $3,409,700 |
| 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 | $303,590 |
| Net Land, buildings, and equipment | $10,276,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,790 |
| Total assets | $28,641,562 |
| Accounts payable and accrued expenses | $3,309,668 |
| Grants payable | $0 |
| Deferred revenue | $178,202 |
| 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 | $3,508,710 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,181,623 |
| Total liabilities | $9,178,203 |
| Net assets without donor restrictions | $17,463,359 |
| Net assets with donor restrictions | $2,000,000 |
| 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 | $28,641,562 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Watts Healthcare Corporation has recieved totaling $366,693.
| Awarding Organization | Amount |
|---|---|
Essential Access Health Los Angeles, CA PURPOSE: TO ASSIST WITH PROVISION OF FAMILY PLANNING AND OUTREACH SERVICES TO ELIGIBLE INDIVIDUALS AND FAMILIES IN THE STATE OF CALIFORNIA. | $216,693 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF HEALTH SERVICES | $100,000 |
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT TO CONTINUE PROVIDING INTEGRATED PREVENTION AND EARLY INTERVENTION SERVICES FOR WOMEN OF COLOR AT RISK FOR HIV, AIDS AND STIS IN LOS ANGELES COUNTY. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Clinica De La Raza Inc Oakland, CA | $148,316,145 | $121,956,055 |
Community Medical Centers Inc Stockton, CA | $80,924,319 | $108,026,875 |
Marana Health Center Inc Marana, AZ | $64,740,218 | $80,721,822 |
Clinicas De Salud Del Pueblo Inc El Centro, CA | $60,406,470 | $80,859,824 |
Gardner Family Health Network Inc Alviso, CA | $42,029,978 | $73,924,368 |
Kauai Medical Clinic Honolulu, HI | $25,849,919 | $63,113,020 |
Asian Health Services Oakland, CA | $107,043,316 | $75,776,909 |
Montage Medical Group Monterey, CA | $6,246,074 | $54,870,218 |
Centennial Medical Group Inc Roseburg, OR | $20,539,880 | $40,787,906 |
Sun Life Family Health Center Inc Case Grande, AZ | $50,187,289 | $64,448,701 |
Riverside-San Bernardino County Indian Health Inc Grand Terrace, CA | $159,947,139 | $92,692,738 |
Nevada Health Centers Inc Carson City, NV | $41,549,855 | $55,310,099 |