WATSON STREET APARTMENTS INC Charity Report

Public IRS 990 nonprofit record

WATSON STREET APARTMENTS INC

EIN 71-0559838 · Housing & Shelter (L21Z)

What they do

PROVIDES HUD APPROVED ADULT RESIDENTIAL HOUSING for THE ELDERLY and PSYCHOLOGICALLY DISABLED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $98.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders58 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

107.27%of revenue went to mission work98.3% of expenses · Program services

$109.14spent for every $100 of revenueSpending was higher than revenue this year.

1.88%of revenue went to management and office costs1.7% of expenses

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $89,325 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$976,892

Mission workProgram services$1,047,866107.27% of revenue98.3% of expenses

ManagementOffice and general costs$18,3511.88% of revenue1.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,066,217109.14% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2022CurrentExpense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 109.14% of revenue

2021Expense mix: 69.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 64.53% of revenue

2020Expense mix: 74.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 71.08% of revenue

2019Expense mix: 73.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 75.00% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.43% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.27% of revenue

2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 79.44% of revenue

2015Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 80.82% of revenue

Money in and money out

Revenue$976,892

Expenses$1,066,217

Annual shortfall $89,325 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,047,866 · 98.3% of expenses

Management and office costs$18,351 · 1.7% of expenses

See all reported dollar amounts

Revenue$976,892

Expenses$1,066,217

Mission work (program services)$1,047,866

Grants given$1,017,822

Average grant$1,017,822

Management and general$18,351

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (58)

REBECCA HARVEYDIRECTOR

KEVIN MOLDERDIRECTOR

KIM SULLIVANDIRECTOR

LAURA H TYLERCEO

LEIGH ANN WRIGHTDIRECTOR

LORI ROSSDIRECTOR

LUCILLA GARRETTDIRECTOR

LYNN RUSSELLDIRECTOR

MARCIA HARDINGDIRECTOR

MARIBEL C ROGERSCHAIRMAN STARTING 11/01/2024

MARSHA JONESDIRECTOR

MELISSA PIERCEDIRECTOR

MIKE MORGENTHALERDIRECTOR

PAIGE CATTDIRECTOR

PAUL DIELMANNDIRECTOR

KEVIN HATFIELDDIRECTOR

REBECCA JONESDIRECTOR

REBECCA RAYNORDIRECTOR

REGINA BURKETTDIRECTOR

RHONDA HODGESDIRECTOR

ROBERT YOUNGDIRECTOR

RUTH PROVOSTDIRECTOR

RUTH ALLISON DOVERCHIEF LEGAL OFFICER

SHARON SPURLINDIRECTOR

SHARRON STALLINGSDIRECTOR

TARA ALLENDIRECTOR

TIMOTHY HARNESSDIRECTOR

TONY THOMASDIRECTOR

VIXEN JAMESDIRECTOR

ERIC SMITHDIRECTOR

ALICE HINESDIRECTOR

AMANDA JOSHLINDIRECTOR

BECKY HARTSFIELDDIRECTOR

CANDRA BRASELDIRECTOR

CEDRIC WILLIAMSDIRECTOR

CHARLIE CROSSDIRECTOR

CHRISTOPHER R THORNTONDIRECTOR

CLYDE E NOELDIRECTOR

CONNIE GARDNERDIRECTOR

DAVID MCBEEDIRECTOR

DEBORAH KINGDIRECTOR

DEWAYNE PHELANDIRECTOR

DONNIE DAVISDIRECTOR

ELIZABETH KELLEYDIRECTOR

ALEX LYNCHDIRECTOR

FARRIS DEBOARDDIRECTOR

FRANK JOHNSONCHAIRMAN THROUGH 10/31/2024

FREDRIC SMITHDIRECTOR

GARY HEADDIRECTOR

HAYWARD FINKS JRDIRECTOR

HERB WASHINGTONDIRECTOR

JACKIE BRASHEARSDIRECTOR

JACOB KERSEYDIRECTOR

JEANIE B HILLDIRECTOR

JERRI SKAGGSDIRECTOR

JULIA FROSTDIRECTOR

KEITH FAUGHTCFO

KENNY WYATTDIRECTOR

About this charity

Recognized since: August 1982
Location: PO BOX 6430, SPRINGDALE, AR 72766
County: Washington
In care of: KEITH FAUGHT
Primary officer: KEITH FAUGHT, CFO

How to reach them

Phone(479) 750-2020

Filing and classification

Latest tax year: 2022
Tax period began: July 1, 2022
Return type: 990
Tax preparer: FORVIS LLP
NTEE classification: Housing & Shelter (L21Z)
Grant-giving organization: Yes