Neighbors Of Watertown Inc in Watertown, New York (NY)

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Neighbors Of Watertown Inc
Employer Identification Number (EIN)237154645
Name of OrganizationNeighbors Of Watertown Inc
Address112 Franklin St, Watertown, NY 13601-3318
ActivitiesOther school related activities, Other housing activities
SubsectionCharitable Organization
Ruling Date03/1972
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$9,379,318
Amount of Income$2,033,090
Form 990 Revenue Amount$2,033,090
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2014: $2,033,090 (it was $2,167,417 in 2013)
Neighbors Of Watertown Inc: 

 $2,033,090
Other organizations performing similar types of work: 

 $345,298

Assets in 2014: $9,379,318 (it was $9,663,537 in 2013)
Neighbors Of Watertown Inc: 

 $9,379,318
Other organizations performing similar types of work: 

 $1,142,570

Expenses in 2014: $2,238,235
Neighbors Of Watertown Inc: 

 $2,238,235
Other organizations performing similar types of work: 

 $349,008

Income to expenses ratio in 2014: 0.9
Neighbors Of Watertown Inc: 

 0.9
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 30
Neighbors Of Watertown Inc: 

 30
Other organizations performing similar types of work: 

 1

Employees paid over $100,000 in 2014: 6.7%
This organization: 

 6.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 55.9%
This organization: 

 55.9%
Other organizations performing similar types of work: 

 47.4%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoYesNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096312325
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return293130
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$103,809$93,199$96,825
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$10,804$15,045$18,114
Total number of individuals who received more than $100,000 of reportable compensation from the organization100
Total number of independent contractors who received more than $100,000 of compensation from the organization012
Statement of Revenue
2011201220132014
Total revenue$3,910,627$4,979,421$2,167,417$2,033,090
Contributions, Gifts, Grants and Other Similar Amounts$2,926,461$3,067,786$974,736$1,137,041
Program Service Revenue$918,265$1,778,583$1,129,197$819,553
531310$964,989$643,716$661,408
Lessors of Residential Buildings and Dwellings $593,589$328,827$202,592
Other Activities Related to Real Estate $129,826$209,298$44,459
624200$54,927$-52,644$22,009
Other Activities Related to Real Estate $46,555$0$-110,915
All other program service revenue$-11,303$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$37,315$46,634$56,345$0
Income from investment of tax-exempt bond proceeds$0$0$0$54,154
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$28,586$86,418$7,139$22,342
Lessors of Residential Buildings and Dwellings $62,195$7,139$22,342
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$2,097,179$2,229,268$1,737,829$2,238,235
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$90,099$103,809$93,199$93,628
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$626,554$650,486$694,479$767,568
Pension plan accruals and contributions$50,976$56,200$81,241
Other employee benefits$69,716$67,935$107,257
Payroll taxes$145,709$63,357$72,962$70,020
Fees for services (non-employees)
Management$0$0$0
Legal$1,965$679$1,404
Accounting$12,025$10,890$7,986
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$0$0$0
Advertising and promotion$0$0$0
Office expenses$16,969$4,614$5,696
Information technology$4,515$4,996$4,212
Royalties$0$0$0
Occupancy$18,000$18,000$0
Travel$16,153$24,634$40,026
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$5,374$6,758$18,439
Interest$399$10$57
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$79,823$110,835$108,223
Insurance$19,121$28,382$28,295
Other expenses$978,257$368,107$752,112
Other expenses$55,377$43,606$44,281
Other expenses$21,555$37,284$31,142
Other expenses$19,841$26,701$24,446
Other expenses$41,550$67,558$52,202
Balance Sheet
2011201220132014
Total assets$6,857,818$9,366,345$9,663,537$9,379,318
Cash - non-interest-bearing$232,476$409,416$100,210
Savings and temporary cash investments$641,760$751,186$484,388
Pledges and grants receivable, net$215,866$112,616$284,244
Accounts receivable, net$45,957$17,555$22,284
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$2,799,044$2,768,058$2,732,881
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$20,320$12,512$10,719
Land, buildings, and equipment: cost or other basis$3,244,007$3,152,473$3,124,153
Investments - publicly traded securities$0$0$0
Investments - other securities$305,490$305,490$305,490
Investments - program-related$1,365,434$1,708,119$1,529,354
Intangible assets$0$0$0
Other assets$495,991$426,112$785,595
Total liabilities$994,088$663,841$535,611$519,378
Accounts payable and accrued expenses$225,136$89,134$63,823
Grants payable$0$0$0
Deferred revenue$62,901$15,684$57,407
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$534,624$269,000$320,000$245,000
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$106,804$110,793$153,148
Total net assets or fund balances$5,863,730$8,702,504$9,127,926$8,859,940
Unrestricted net assets$5,244,149$5,491,880$5,180,666
Temporarily restricted net assets$3,458,355$3,636,046$3,679,274
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$15,421,600
Subtotal$15,421,600
Gifts, grants, contributions, and membership fees received$9,664,914
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$5,756,686
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$15,991,685
Public support$15,421,600
Subtotal$225,151
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$225,151
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$344,934
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Settlement Housing Fund Inc247 W 37th St Fl 4, New York, NY 10018-5709NY1971-03$8,600,122
2Westbeth Corp Housing Development Fund Company Inc463 West Street, New York, NY 10014-2010NY1968-06$6,593,866
3West End Residences Hdfc IncSuite 740, New York, NY 10115NY1997-08$2,976,875
4Sunset Park Redevelopment Committee Inc5101 4th Ave 2nd Floor, Brooklyn, NY 11220-1815NY1975-06$2,628,664
5Virginia-Michigan Housing Develop Ment Fund Company Inc865 Michigan Ave, Buffalo, NY 14203-1236NY1981-04$1,679,251
6Walton Avenue Senior Housing Development Fund Company Inc900 Grand Concourse, Bronx, NY 10451-2746NY1994-08$1,408,465
7Parkside Housing Development Fund Company Inc160 Heberton Ave, Staten Island, NY 10302NY1994-05$1,192,781
8Somaltow Housing Company Inc101 S Pearl Street, Albany, NY 12207-1419NY1971-07$1,156,737
9Westbourne Housing Development Fund Company Inc2345 Broadway, New York, NY 10024NY1994-08$1,047,889
10Wallkill Housing Development Co Of Carpenters & Joiners Local 964 Inc4 Executive Blvd, Suffern, NY 10901-4173NY1986-01$807,757
11Ryer Avenue Housing Development Fund Corp2386 Ryer Ave, Bronx, NY 10458-7004NY1991-09$807,751
12Support Ministries For Persons With Aids Inc28 Delaware Ter, Albany, NY 12209-1711NY1989-03$779,430
13Royal Gardens Housing Development Fund Corporation990 James Street, Syracuse, NY 13203-2879NY1991-07$713,675
14United Odd Fellows Housing Development Fund Company1072 Havemeyer Ave, Bronx, NY 10462-5310NY1994-01$664,556
15South Bronx Access Housing Development Fund Corporation2415 Westchester Ave, Bronx, NY 10461-3538NY1992-08$615,847
16South Jefferson Housing Development Fund Co Inc, Country View Apts990 James Street, Syracuse, NY 13203-2879NY1981-09$501,095
17Yw-Wny Housing Development Fund Company Inc1005 Grant Street, Buffalo, NY 14207-2877NY1996-05$480,368
18Southern Hills Preservation Corporation Inc2383 Us Route 11 Stop 1, La Fayette, NY 13084-9300NY1987-03$458,082
19Western New York Veterans Housing Coalition Inc, W Ny Veterans Housing1416 Main Street, Buffalo, NY 14209-1740NY1988-06$457,211
20Taylor Brown Housing Development Fund Company Inc990 James Street, Syracuse, NY 13203-2879NY1987-08$432,802
Number of organizations performing similar types of work
Alaska3
Alabama27
Arkansas23
Arizona22
California194
Colorado34
Connecticut23
District of Columbia15
Delaware3
Florida79
Georgia43
Hawaii13
Iowa16
Idaho3
Illinois81
Indiana43
Kansas14
Kentucky55
Louisiana27
Massachusetts79
Maryland44
Maine14
Michigan67
Minnesota45
Missouri35
Mississippi12
Montana4
North Carolina87
North Dakota3
Nebraska26
New Hampshire10
New Jersey59
New Mexico9
Nevada3
New York185
Ohio109
Oklahoma13
Oregon11
Pennsylvania102
Rhode Island14
South Carolina35
South Dakota10
Tennessee37
Texas109
Utah6
Virginia51
Vermont10
Washington26
Wisconsin42
West Virginia10
Wyoming4
International6
Total1,995

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