Greater Watts Development Corporation

Nonprofit profile at a glance

EIN
952627796
IRS 990 coverage
2019–2023
Forms available
Form 990 2023
Location
Los Angeles, CA, USA
Phone
3235635600
Rating confidence
Limited
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$0
Expenses
$592,246
Assets
$2,903,208
Liabilities
$3,215,859

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Timothy Watkins (President/CEO)

Highest reported compensation

  • Timothy Watkins (President/CEO): $624,070 total reported compensation
  • Messele Negash (Secretary/Quality Assurance): $261,638 total reported compensation
  • NAIMA GREFFON (VP - Development): $144,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charitable, educational and affordable housing activities for the benefit of the residents of Greater Watts area in Los Angeles, CA and neighbooring communities.

What it reported doing in 2023

Provide affordable housing to low income individuals and disabled persons.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 55
  • Accountability: 50
  • Sustainability: 15
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd 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: 62.5%; rating input score 62; 21st percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 4.9; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 85.9%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: -47% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 15.9% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 5 of 8 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $592K in reported program spending
  • Leadership: top reported pay $624K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.