irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $3.69MPROVIDE LOW INCOME HOUSING AND SINGLE OCCUPANCY HOUSING AND ASSISTANCE TO LOW INCOME INDIVIDUALS AND FAMILIES SEEKING AFFORDABLE HOUSING AS WELL AS COMMERCIAL REVITALIZATION IN DOWNTOWN WATERTOWN, NEW YORK AREA.
- #2 $273KPROVIDE SUPPORT SERVICES TO INDIVIDUALS NEEDING ASSISTANCE IN LEARNING TO LIVE INDEPENDENTLY, WHO RESIDE IN SINGLE ROOM OCCUPANCY UNITS.
named programs · 7 · from sources
What they call their work
Buy / Rehab / Resell Housing Rehabilitation Program
Partnership program that rehabilitates vacant substandard houses in Watertown
City Wide Owner Occupied Home Rehabilitation Program
Provides financial assistance for home improvements to help families stay in their homes in Watertown, NY
County Wide Owner Occupied Home Rehabilitation Program
Provides financial assistance for home improvements to help families stay in their homes in Jefferson County, NY (excluding Watertown city)
First Time Homebuyer Program
Provides financial assistance to families buying a home in Watertown, NY
Homebuyer Education Program
Workshops providing information and knowledge to families buying a home
Public Square Historical District Facade Easement Program
Preservation program for historic building facades in downtown Watertown
Rental Rehabilitation
Rehabilitation of rental housing units to provide safe, decent, and affordable housing
activities · 4 groups
What they do
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First-Time Homebuyer Support Services 1 activity
- Administers homeownership assistance programsProvides financial assistance and educational workshops to support families purchasing homes in Watertown, NY, and offers home improvement grants to help owner-occupied households in Watertown and Jefferson County remain in their homes.
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Affordable Housing Development and Management 1 activity
- Develops and manages affordable rental housingDevelops, renovates, and manages income-based and low-income rental housing properties in Watertown and Philadelphia, NY, including historic buildings such as the Bugbee Building, Buck Building, and Brighton Hotel, providing accessible and Section 8-compliant units. Operates multiple affordable housing complexes, including a 100-unit and a 101-unit building, and provides commercial space in revitalized downtown properties.
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Financial Coaching and Credit Counseling 1 activity
- Provides housing counseling and financial support servicesOffers housing counseling to help residents manage financial challenges, including disaster-related hardship, creditor communication, credit protection, bill management, and scam avoidance. Provides support services for individuals in single-occupancy units to promote independent living.
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Historic Building Restoration and Preservation 1 activity
- Rehabilitates historic and substandard housingRehabilitates vacant and substandard houses through the NDC Program and leads historic preservation efforts in the Public Square National Register Historic District, including full renovations of properties like the Burdick Building and administration of a facade easement program for historic building facades.
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financials · form 990 · fy2024
revenue
Total revenue$6.87M
Contributions & grants$2.41M35%
Program service revenue$4.14M60%
Investment income$192K3%
Other revenue$136K
expenses
Total expenses$7.08M
Program expenses84%
Admin / overhead16%
Fundraising0%
Salaries & benefits$2.63M
Grants paid out$1.56M
Largest expense lineCompensation
balance sheet
Total assets$28.51M
Cash$4.17M
Investments$268K
Liabilities$8.31M
Net assets$20.20M
Liquid reserves7.5 mo
5 years on record · 2020–2024 · YoY revenue +17.3%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| REG SCHWEITZER | EXEC. DIRECTOR | 40 | $160K |
| SARAH MILLARD | FISCAL DIRECTOR | 40 | $97K |
board members · 12
- ANGEL MUNSON — DIRECTOR
- ANTHONY FIORENTINO — DIRECTOR
- CARL MCLAUGHLIN — DIRECTOR
- CLYVENS EXANTUS — DIRECTOR
- DONALD CALARCO — TREASURER
- DONALD FOOTE — DIRECTOR
- DONNA WHITE — SECRETARY
- HEATHER BLAIR GALLAGHER — DIRECTOR
- JASON COMET — DIRECTOR
- LORI GERVERA — PRESIDENT
- MARK GEBO — PAST PRESIDENT
- VONNETTE MONTEITH — DIRECTOR
relationships · 8
Who they work with
- City of Watertown Partner — Partner in the NDC Program to rehabilitate vacant substandard houses.
- DANC Government — Provided a $250,000 mortgage to support the renovation of The Burdick building.
- Department of Housing and Urban Development Government — Complies with HUD's Section 504 regulations and designates a 504 Coordinator for nondiscrimination compliance.
- Development Authority of the North Country Partner — Partner in the NDC Program to rehabilitate vacant substandard houses.
- GoZego Partner — Partners with GoZego to enable online rent payments for tenants.
- Henry Keep Home Partner — Historic organization that originally established The Centennial community in the 1970s.
- New York State Division of Housing and Community Renewal Government — Funded Neighbors of Watertown as a Neighborhood Preservation Company starting in 1981.
- YMCA Partner — Co-locates housing with YMCA services on the ground floor of the Bugbee Building.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Housing-First Community Revitalizationmethodology: housing_firstBy rehabilitating blighted and historic properties into affordable housing, we stabilize neighborhoods and expand access to safe, dignified housing, because physical revitalization of housing stock directly enables community renewal and economic reinvestment.
- Integrated Housing and Downtown Revitalizationmethodology: integrated_revitalizationBy combining low-income housing with commercial redevelopment, we strengthen the economic and social fabric of downtown areas, because mixed-use, mixed-income development drives equitable community growth.
- Supportive Housing with Independent Living Trainingmethodology: supportive_housingBy providing support services alongside single-room occupancy housing, we promote sustained independent living, because wraparound services address non-housing barriers to stability for vulnerable populations.