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Nonprofit · EIN 23-7154645

NEIGHBORS OF WATERTOWN INC

Tax-exempt · WATERTOWN, NY 13601

Financials

$5.9M$6.4M2023$6.9M$7.1M2024
Revenue Expenses · by fiscal year end
Financials of NEIGHBORS OF WATERTOWN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,874,923$7,081,649-$206,726$28,506,494$8,305,571$20,200,923
December 31, 2023990$5,862,409$6,382,687-$520,278$28,654,052$8,222,223$20,431,829
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,409,904
of which government grants
$2,409,904
Program service revenue
$4,137,029
Investment income
$191,549
Other revenue
$136,441

Expenses

Grants and similar amounts paid
$1,557,563
Compensation of officers, directors and key employees
$218,500
Other salaries and wages
$1,874,112
Salaries, compensation and benefits (total)
$2,634,901
Professional fundraising fees
$0
Legal fees
$10,708
Accounting fees
$76,292
Travel
$45,406
Depreciation
$758,639
Program services (functional)
$5,965,323
Management and general (functional)
$1,116,326

Balance sheet and other

Total assets, start of year
$28,654,052
Total assets, end of year
$28,506,494
Total liabilities, end of year
$8,305,571
Net assets, end of year
$20,200,923
Land, buildings and equipment
$18,035,850
Publicly traded securities
$267,864
Net assets without donor restrictions
$20,038,037
Net assets with donor restrictions
$162,886
Gross receipts
$6,874,923
Employees
63
Volunteers
13
Year formed
1972
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
REG SCHWEITZEREXEC. DIRECTOR
Officer
40$137,875$22,069
SARAH MILLARDFISCAL DIRECTOR
Officer
40$80,625$16,467
MARK GEBOPAST PRESIDENT
Trustee or director
1$0$0
DONNA WHITESECRETARY
Trustee or director, Officer
1$0$0
DONALD CALARCOTREASURER
Trustee or director, Officer
1$0$0
CARL MCLAUGHLINDIRECTOR
Trustee or director
1$0$0
DONALD FOOTEDIRECTOR
Trustee or director
1$0$0
HEATHER BLAIR GALLAGHERDIRECTOR
Trustee or director
1$0$0
JASON COMETDIRECTOR
Trustee or director
1$0$0
CLYVENS EXANTUSDIRECTOR
Trustee or director
1$0$0
VONNETTE MONTEITHDIRECTOR
Trustee or director
1$0$0
ANGEL MUNSONDIRECTOR
Trustee or director
1$0$0
ANTHONY FIORENTINODIRECTOR
Trustee or director
1$0$0
LORI GERVERAPRESIDENT
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
REG SCHWEITZEREXEC. DIRECTOR
Officer
40$125,790$21,014
SARAH MILLARDFISCAL DIRECTOR
Officer
40$70,034$15,915
HAROLD JOHNSONDIRECTOR
Trustee or director
1$0$0
MARK GEBOPRESIDENT
Trustee or director, Officer
1$0$0
DONALD FOOTESECRETARY
Trustee or director, Officer
1$0$0
DONALD CALARCOTREASURER
Trustee or director, Officer
1$0$0
CARL MCLAUGHLINDIRECTOR
Trustee or director
1$0$0
DONNA WHITEDIRECTOR
Trustee or director
1$0$0
LORI GERVERAVICE PRESIDENT
Trustee or director, Officer
1$0$0
HEATHER BLAIR GALLAGHERDIRECTOR
Trustee or director
1$0$0
JASON COMETDIRECTOR
Trustee or director
1$0$0
CLYVENS EXANTUSDIRECTOR
Trustee or director
1$0$0
VONNETTE MONTEITHDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
112 FRANKLIN ST, WATERTOWN, NY 13601-3318
Principal officer (990 for 2024)
REGINALD SCHWEITZER, 112 FRANKLIN ST, WATERTOWN, NY 13601
Signed the 990
REGINALD SCHWEITZER, EXECUTIVE DIRECTOR
Phone
(315) 782-8497
Return prepared by
BOWERS & COMPANY CPAS PLLC

Mission

LOW INCOME & SINGLE OCCUPANCY HOUSING

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE HOME REHABILITATION TO INCOME QUALIFIED HOMEOWNERS THROUGH FEDERAL AND STATE GRANT FUNDS.
    Expenses $1,792,854 · grants $1,557,563
  • 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.
    Expenses $3,690,932 · revenue $4,137,029
  • PROVIDE SUPPORT SERVICES TO INDIVIDUALS NEEDING ASSISTANCE IN LEARNING TO LIVE INDEPENDENTLY, WHO RESIDE IN SINGLE ROOM OCCUPANCY UNITS.
    Expenses $273,166 · revenue $136,441
  • PERFORM NEIGHBORHOOD AND RURAL PRESERVATION ACTIVITIES IN THE JEFFERSON COUNTY AREA.
    Expenses $208,371

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7154645
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$28,506,494
Income (IRS master file)
$6,874,923

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,874,923$7,081,649$28,506,494XML
990December 2023$5,862,409$6,382,687$28,654,052XML
990December 2022$4,955,938$5,043,194$21,104,271IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7154645).

Questions about NEIGHBORS OF WATERTOWN INC

What is the EIN of NEIGHBORS OF WATERTOWN INC?
The employer identification number (EIN) of NEIGHBORS OF WATERTOWN INC is 23-7154645.
Is NEIGHBORS OF WATERTOWN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to NEIGHBORS OF WATERTOWN INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEIGHBORS OF WATERTOWN INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEIGHBORS OF WATERTOWN INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEIGHBORS OF WATERTOWN INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEIGHBORS OF WATERTOWN INC?
The 990 for the year ended December 31, 2024 names REGINALD SCHWEITZER.
Who are the officers and directors of NEIGHBORS OF WATERTOWN INC?
The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $137,875 (REG SCHWEITZER, EXEC. DIRECTOR).
How much revenue does NEIGHBORS OF WATERTOWN INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,874,923, expenses of $7,081,649 and total assets of $28,506,494 at year end.

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