Watts Healthcare Corporation
- Assets
- $33.5m
- Revenue
- $39.6m
- Investments
- $0.0
- Employees
- 320
- Location
- Los Angeles, CA
- Founding
- 10/2002
- Data as of
- 12/2022
- 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 12/2022, Watts Healthcare Corporation employed 320 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 12/2022, Watts Healthcare Corporation generated $39.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $36.3m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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
2022
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. TOTAL NUMBER OF PATIENT SERVED WAS 18,770.
WIC PROGRAM - WATTS HEALTHCARE CORPORATION OFFERS WIC SERVICES IN FIVE LOCATIONS IN LOS ANGELES, COMPTON, AND HUNTINGTON PARK. WIC IS THE WOMEN, INFANTS AND CHILDREN (WIC) SUPPLEMENTAL NUTRITION PROGRAM WHICH SERVES LOW INCOME PREGNANT, BREASTFEEDING, AND POSTPARTUM WOMEN AND CHILDREN UNDER AGE FIVE WHO HAVE A NUTRITIONAL NEED. WIC IS A FEDERALLY FUNDED PROGRAM AND IS ADMINISTERED BY THE CALIFORNIA DEPARTMENT OF HEALTH SERVICES.WIC SERVICES ARE AVAILABLE TO ANYONE WHO LIVES IN CALIFORNIA AND MEETS THE PROGRAM GUIDELINES REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, AGE, DISABILITY OR IMMIGRATION STATUS. WOMEN ARE ENCOURAGED TO ENROLL INTO WIC AS SOON AS THEY LEARN THEY ARE PREGNANT.THE GOALS OF THE WIC PROGRAM ARE: - TO DECREASE THE COMPLICATIONS OF PREGNANCY; - TO PREVENT LOW BIRTH WEIGHT BABIES; - TO DECREASE IRON DEFICIENCY ANEMIA; AND - TO PROMOTE OPTIMUM GROWTH AND DEVELOPMENT OF INFANTS AND YOUNG CHILDREN.WIC PROGRAM SERVICES INCLUDE: - WIC BENEFITS FOR NUTRITIOUS FOODS, - NUTRITION EDUCATION - BREASTFEEDING EDUCATION AND SUPPORT - REFERRALS TO HEALTH CARE AND OTHER COMMUNITY SERVICES.
WATTS HEALTHCARE CORP INC HOUSE OF UHURU IS A RESIDENTIAL AND OUT-PATIENT SUBSTANCE USE DISORDER PROGRAM CENTER LOCATED AT 8005 SOUTH FIGUEROA STREET IN THE 90003 ZIP CODE IN LOS ANGELES, CA. SOME OF THE TREATMENT APPROACHES USED INCLUDE RATIONAL EMOTIVE BEHAVIORAL THERAPY, AND THE 12-STEP REHAB AND TRAUMA COUNSELING. THE CENTER PROVIDES LONG-TERM REHAB, INTENSIVE OUT-PATIENT TREATMENT PROGRAM AND REGULAR OUT-PATIENT TREATMENT. THE CENTER ALSO PROVIDES INPATIENT TREATMENT FOR DRUG/ALCOHOL ADDICTION AND MENTAL HEALTH DIAGNOSIS AND RESIDENTIAL SUBSTANCE USE TREATMENT. THE CENTER OPERATES 24/7 AND IS LICENSED FOR 66 BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joe H Waller Board Chair | OfficerTrustee | 1 | $0 |
Dr Ticey Brown Board Member | Trustee | 1 | $0 |
Dr Osazuwa Omede Board Secretary | OfficerTrustee | 1 | $0 |
Linda Daniels Board Member | OfficerTrustee | 1 | $0 |
Glenn C Ford Board Treasurer | OfficerTrustee | 1 | $0 |
Earnestene Wilson Board Member (until 3/18/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uniserve Facilities Scvs Corp Janitorial Services | 12/30/22 | $543,331 |
Medicus It Llc It Services | 12/30/22 | $362,389 |
Comphealth Medical Staffing | 12/30/22 | $430,008 |
Bartko Zankel Bunzel & Miller Legal Services | 12/30/22 | $122,979 |
Hr Connect Hr Consultant | 12/30/22 | $115,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,620,296 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,906,919 |
| Total Program Service Revenue | $20,689,235 |
| 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 | $39,596,154 |
| 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. | $2,613,380 |
| Compensation of current officers, directors, key employees. | $511,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,663,629 |
| Pension plan accruals and contributions | $557,520 |
| Other employee benefits | $3,671,896 |
| Payroll taxes | $1,222,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $491,492 |
| Fees for services: Accounting | $261,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,383,437 |
| Advertising and promotion | $0 |
| Office expenses | $721,881 |
| Information technology | $403,447 |
| Royalties | $0 |
| Occupancy | $3,744,511 |
| Travel | $238,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $726,082 |
| Insurance | $543,940 |
| All other expenses | $646,828 |
| Total functional expenses | $36,259,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,475,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,646,628 |
| Accounts receivable, net | $2,320,464 |
| 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 | $414,677 |
| Net Land, buildings, and equipment | $10,079,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,518,807 |
| Total assets | $33,455,671 |
| Accounts payable and accrued expenses | $3,804,019 |
| Grants payable | $0 |
| Deferred revenue | $178,647 |
| 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 | $3,365,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,011,500 |
| Total liabilities | $11,359,596 |
| Net assets without donor restrictions | $20,096,075 |
| 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 | $33,455,671 |