Nonprofit · EIN 33-1070623
WATERSHED ASSOCIATES INC
Tax-exempt · STATEN ISLAND, NY 10302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $58,719 | $60,599 | -$1,880 | $2,351,545 | $1,193,914 | $1,157,631 |
| June 30, 2024 | 990 | $58,715 | $71,720 | -$13,005 | $2,350,425 | $1,190,914 | $1,159,511 |
| June 30, 2023 | 990 | $58,717 | $81,285 | -$22,568 | $2,360,980 | $1,188,464 | $1,172,516 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,000
- Investment income
- $46,719
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,000
- Depreciation
- $9,493
- Program services (functional)
- $51,066
- Management and general (functional)
- $9,533
Balance sheet and other
- Total assets, start of year
- $2,350,425
- Total assets, end of year
- $2,351,545
- Total liabilities, end of year
- $1,193,914
- Net assets, end of year
- $1,157,631
- Land, buildings and equipment
- $233,774
- Net assets without donor restrictions
- $1,157,631
- Gross receipts
- $58,719
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2003
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRY TROIA | CEO Officer | 1 | $0 | $174,732 | $74,818 |
| LUIS PICO | CFO Officer | 1 | $0 | $188,857 | $8,253 |
| AURELIA CURTIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET H JONES | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PETER TESORIERO | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIMOTHY C HARRISON ESQ | FIRST VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRY TROIA | CEO Officer | 1 | $0 | $170,897 | $4,060 |
| JO M REYES | CFO (END 07/16/2023) Officer | 1 | $0 | $128,569 | $4,165 |
| LUIS PICO | CFO (START 11/01/2023) Officer | 1 | $0 | $27,232 | $0 |
| AURELIA CURTIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET H JONES | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PETER TESORIERO | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIMOTHY C HARRISON ESQ | FIRST VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jo Reyes | CFO Officer | 1 | $0 | $205,784 | $21,807 |
| Terry Troia | CEO Officer | 1 | $0 | $163,078 | $23,171 |
| Timothy C Harrison Esq | First Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Janet H Jones | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Aurelia Curtis | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Peter Tesoriero | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 PARK AVE, STATEN ISLAND, NY 10302-1440
- In care of
- % LUIS PICO
- Principal officer (990 for 2024)
- TERRY TROIA, 100 Park Avenue, Staten Island, NY 10302
- Signed the 990
- LUIS PICO, CFO
- Phone
- (718) 448-1544
- Website
- WWW.PROJECTHOSPITALITY.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE COUNSELING, FOOD, AND SHELTER TO HOMELESS INDIVIDUALS LIVING ON STATEN ISLAND, NEW YORK WITH THE OBJECTIVE OF REMOVING THE FINANCIAL AND SOCIAL BURDENS FROM FEDERAL, STATE, AND LOCAL GOVERNMENTS. IN FULFILLING THIS PURPOSE AND OBJECTIVE, WATERSHED HOLDS TITLE TO REAL AND PERSONAL PROPERTY, COLLECTS RENTAL INCOME, AND REMITS THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO PROJECT HOSPITALITY, INC.
Program accomplishments
- TO PROVIDE COUNSELING, FOOD, AND SHELTER TO HOMELESS INDIVIDUALS LIVING ON STATEN ISLAND, NEW YORK WITH THE OBJECTIVE OF REMOVING THE FINANCIAL AND SOCIAL BURDENS FROM FEDERAL, STATE, AND LOCAL GOVERNMENTS.Expenses $51,066 · revenue $12,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 33-1070623
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P192)
- Assets (IRS master file)
- $2,351,545
- Income (IRS master file)
- $58,719
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $58,719 | $60,599 | $2,351,545 | IRS |
| 990 | June 2024 | $58,715 | $71,720 | $2,350,425 | IRS |
| 990 | June 2023 | $58,717 | $81,285 | $2,360,980 | XML |
| 990 | June 2022 | $58,713 | $77,008 | $2,348,955 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 33-1070623).
Questions about WATERSHED ASSOCIATES INC
- What is the EIN of WATERSHED ASSOCIATES INC?
- The employer identification number (EIN) of WATERSHED ASSOCIATES INC is 33-1070623.
- Is WATERSHED ASSOCIATES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2004.
- Are donations to WATERSHED ASSOCIATES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WATERSHED ASSOCIATES 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 WATERSHED ASSOCIATES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERSHED ASSOCIATES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATERSHED ASSOCIATES INC?
- The 990 for the year ended June 30, 2025 names TERRY TROIA.
- Who are the officers and directors of WATERSHED ASSOCIATES INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does WATERSHED ASSOCIATES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $58,719, expenses of $60,599 and total assets of $2,351,545 at year end.
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