Watershed Associates Inc

Overview

Mission

To provide counseling, food, and shelter to homeless individuals living on staten island, New York with the objective of removing the financial and social burdens from federal, state, and local governments. In fulfilling this purpose and objective, watershed holds title to real and personal property, collects rental income, and remits the entire amount thereof, less expenses, to project hospitality, inc.

What it reported doing in 2024

To provide counseling, food, and shelter to homeless individuals living on staten island, New York with the objective of removing the financial and social burdens from federal, state, and local governments.

Operating model

Revenue model
Investment-supported. 80% of the money available for current operations came from recurring investment income.
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
331070623
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Headquarters
Staten Island, NY, USA
Phone
7184481544
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Support N.E.C.

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 64
  • Accountability: 100
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.3%; rating input score 97
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 38.81; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 137.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 0.6% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 97.3% of revenue deployed · 84.3% of spending went to programs
  • Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $51K in reported program spending
  • Leadership: top reported pay $250K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 13 annual filings from 2012 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 filed related-organization links
  • 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

6 people listed

Highest reported compensation

  • TERRY TROIA (CEO): $249,550 total reported compensation
  • LUIS PICO (CFO): $197,110 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.