Watergate Harbor Improvement Association Inc
Nonprofit profile at a glance
- EIN
- 465419214
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Annapolis, MD, USA
- Phone
- 4102957696
- Rating
- 34
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Homeowners & Tenants Associations
Reported finances
- Revenue
- $4,857
- Expenses
- $0
- Assets
- $86,108
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Mark Wiggins (President)
- Julie Heath (Vice President)
People named in this filing
- Mark Wiggins (President)
- Julie Heath (Vice President)
- William Turley (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association was organized to maintain and improve the harbor located within the watergate community to further the common good and general welfare of the homeowners residing within the watergate community.
What it reported doing in 2024
The association was formed to and has been maintaining the watergate harbor as a navigable waterway for the benefit of the watergate community by performing or causing to perform certain dredging work to the watergate harbor and the land surrounding the watergate harbor to enable clear navigation to and from the watergate harbor to the chesapeake bay by all of the residents of the watergate community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -150% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -2.6% per year; rating input score 0; 41st percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.