SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY, founded in 2019, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 208% operating deficit.
GCDA BUILDS RESILIENT COMMUNITY THROUGH AFFORDABLE PLACEMAKING AND PLACEKEEPING IN THE DUWAMISH VALLEY. WE CREATE AT THE INTERSECTION OF THE ARTS, EQUITY, AND COLLECTIVE WELL-BEING.
WATERSHED (FORMERLY KNOWN AS GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY) IS A COMMUNITY-BASED 501(C)(3) NONPROFIT ORGANIZATION THAT OPERATES AFFORDABLE ARTIST AND ARTISAN WORK SPACES AND PLANS TO...
WATERSHED (FORMERLY KNOWN AS GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY) IS A COMMUNITY-BASED 501(C)(3) NONPROFIT ORGANIZATION THAT OPERATES AFFORDABLE ARTIST AND ARTISAN WORK SPACES AND PLANS TO BUILD A VILLAGE OF WORKFORCE HOUSING AND COMMUNITY SPACE IN THE GEORGETOWN NEIGHBORHOOD OF SEATTLE. WE CENTER FOLKS WHO LIVE AND WORK IN THE DUWAMISH VALLEY; BIPOC INDIVIDUALS; ARTISTS; AND THOSE WHO COME FROM COMMUNITIES THAT HAVE BEEN, OR ARE AT RISK OF BEING, DISPLACED FROM THIS REGION.(CONTINUED IN SCHEDULE O)WATERSHED WAS FORMED IN 2019. AT ITS CORE IS EQUINOX STUDIOS, WHICH HAS OPERATED IN GEORGETOWN SINCE 2006 AND IS NOW A CORE PROGRAM OF WATERSHED. EQUINOX STUDIOS PROVIDES A CREATIVE HOME FOR OVER 125 ARTISTS AND ARTISANS WORKING IN AND ACROSS MANY CRAFTS AND DISCIPLINES.THE NEW LIVE/WORK DISTRICT NAMED "THE BEND" WILL BE LOCATED IN THE GEORGETOWN NEIGHBORHOOD OF SEATTLE. IT WILL INCLUDE UP TO 1,000 UNITS OF HOUSING, ALL OF WHICH WILL BE AFFORDABLE TO PEOPLE EARNING NO MORE THAN 80% OF AREA MEDIAN INCOME. THE BEND WILL ALSO INCLUDE AFFORDABLE COMMUNITY SPACES, NEIGHBORHOOD BUSINESSES, AND CULTURAL FACILITIES THAT ARE INTEGRATED WITH GEORGETOWN'S COMMERCIAL AND INDUSTRIAL CORE. IT WILL INCREASE JOB OPPORTUNITIES AND PROVIDE HOUSING FOR THOSE MOST AT RISK OF BEING IMPACTED BY TRENDS OF WEALTH-DRIVEN DISPLACEMENT IN SEATTLE. OUR AIM IS TO CULTIVATE LONG-TERM COMMUNITY WEALTH THROUGH THOUGHTFUL REAL ESTATE ACQUISITION AND DEVELOPMENT; COMMUNITY ENGAGEMENT AND OWNERSHIP; SPACE FOR SMALL BUSINESSES, NOT-FOR-PROFIT ORGANIZATIONS, AND ARTISTIC GROWTH; AND PROGRAMMING THAT BUILDS RELATIONSHIPS BETWEEN ALL THE ENTITIES THAT ARE PART OF THE BEND, THE GEORGETOWN NEIGHBORHOOD, AND GREATER DUWAMISH VALLEY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,478,175 | $2,743,574 | -0.5% |
| Expenses | $4,545,556 | $4,083,819 | +0.1% |
| Net Income | $-3,067,381 | $-1,340,245 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAY MORRISON | DEPUTY DIRECTOR | 40.00 |
Officer
|
$71,293 | $8,631 | $79,924 |
| JENNIFER TRUJILLO | INTERIM EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $0 | $0 |
| RON POSTHUMA | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH ROMNEY | SECRETARY/TREASURER & DIRECTOR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN KIRSCHENBAUM | DIRECTOR & SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEE STRIAR | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARC COTE | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MARY DZIEWECZYNSKI | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH GAHAN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| KRISTINA GOETZ | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| PAULINA LOPEZ | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JAY O'NEIL | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,478,175 | $4,545,556 | $39,277,875 | $-3,067,381 |
| 2023 | $2,743,574 | $4,083,819 | $39,206,009 | $-1,340,245 |
| 2022 | $1,228,208 | $2,976,276 | $43,697,520 | $-1,748,068 |
| 2021 | $298,876 | $687,204 | $40,150,153 | $-388,328 |
Compare GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY with other nonprofits in Washington and across the country.