Wealth Watchers Inc

Overview

Mission

The mission of wealth watchers inc. Is to build viable communities by expanding the education and knowledge of individuals, families, and communities for the purpose of understanding and applying essential financial strategies that leads to the accumulation of generational wealth.

What it reported doing in 2025

Wealth watchers, inc. Is among many organizations in north Florida promoting the need for affordable housing in jacksonville, fl, and the surrounding communities. The organization has a combination of single- family homes and multi-unit properties currently rented to low- and middle-income families. Wealth watchers, inc., contribution to affordable rental housing promotes economic diversity and the creation or sustaining of mixed-income neighborhoods. Preserving affordable rentals also allows longtime residents to remain in their neighborhoods. Wealth watchers continues to meet the demand for affordable rental housing through collaboration among government, private, and public funding sources. These groups are motivated to preserve affordable housing because of its impact at the individual household, neighborhood, and community level. For some households, preservation safeguards affordability during a time of rising housing costs and shrinking incomes. It further helps to revitalize and stabilize neighborhoods that can offer access to opportunity.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
010638984
IRS 990 coverage
2019–2025
Forms available
Form 990 2025
Headquarters
Jacksonville, FL, USA
Phone
9042654736
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.4%; rating input score 92
  • Fundraising efficiency: $25.92 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -66.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.56; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 37.2% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 32.8% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 11.7% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.4% of spending went to programs
  • Governance: 6 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $5.9M in reported program spending
  • Leadership: top reported pay $483K · 9 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $2.4M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 7 annual filings from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

9 people listed

Highest reported compensation

  • CARRIE DAVIS (PRESIDENT/CE): $482,900 total reported compensation
  • ALYCE DENSON (CFO): $314,839 total reported compensation
  • EDWARD GATSON (COO): $128,460 total reported compensation

Source: IRS Form 990. Selected filing: FY2025.