NEIGHBORS OF WATERTOWN INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

REGINALD SCHWEITZER

Phone

3157828497

Tax Period

2023-01-01 to 2023-12-31

NEIGHBORS OF WATERTOWN INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $20.4M represent 42 months of operating reserves.

Mission

LOW INCOME & SINGLE OCCUPANCY HOUSING

Program Service Accomplishments

Program 1

Expenses: $1,470,650

PROVIDE HOME REHABILITATION TO INCOME QUALIFIED HOMEOWNERS THROUGH FEDERAL AND STATE GRANT FUNDS.

Program 2

Expenses: $3,479,399 Revenue: $3,719,063

PROVIDE 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...

PROVIDE 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.

Program 3

Expenses: $251,896 Revenue: $96,965

PROVIDE SUPPORT SERVICES TO INDIVIDUALS NEEDING ASSISTANCE IN LEARNING TO LIVE INDEPENDENTLY, WHO RESIDE IN SINGLE ROOM OCCUPANCY UNITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,850,079

Program Service Revenue $3,719,063

Investment Income $196,302

Other Revenue $96,965

TOTAL REVENUE $5,862,409

Expense Breakdown

Grants Paid $1,171,031

Salaries & Benefits $2,426,207

Fundraising Expenses $0

Program Expenses $5,372,139

Other Expenses $2,785,449

TOTAL EXPENSES $6,382,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,862,409	$4,955,938	+0.2%
Expenses	$6,382,687	$5,043,194	+0.3%
Net Income	$-520,278	$-87,256	+5.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$232,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK GEBO	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD FOOTE	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD CALARCO	TREASURER	1.00	Officer Director	$0	$0	$0
CARL MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
LORI GERVERA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER BLAIR GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
JASON COMET	DIRECTOR	1.00	Director	$0	$0	$0
CLYVENS EXANTUS	DIRECTOR	1.00	Director	$0	$0	$0
VONNETTE MONTEITH	DIRECTOR	1.00	Director	$0	$0	$0
REG SCHWEITZER	EXEC. DIRECTOR	40.00	Officer	$125,790	$21,014	$146,804
SARAH MILLARD	FISCAL DIRECTOR	40.00	Officer	$70,034	$15,915	$85,949

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,862,409	$6,382,687	$28,654,052	$-520,278
2022	$4,955,938	$5,043,194	$21,104,271	$-87,256
2021	$8,351,713	$7,976,276	$21,338,681	$375,437
2020	$13,320,985	$12,197,632	$21,195,082	$1,123,353
2019	$10,246,505	$9,275,682	$24,111,250	$970,823
2018	$16,487,819	$12,262,195	$20,381,370	$4,225,624