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Nonprofit · EIN 83-1694758

WATERMARK COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · DALLAS, TX 75251

Financials

$744K$1.1M2023
Revenue Expenses · by fiscal year end
Financials of WATERMARK COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990 (amended)$744,315$1,057,883-$313,568$359,620$1,665$357,955
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$729,603
Program service revenue
$0
Investment income
$14,712
Other revenue
$0

Expenses

Grants and similar amounts paid
$270,191
Other salaries and wages
$432,702
Salaries, compensation and benefits (total)
$582,031
Professional fundraising fees
$0
Accounting fees
$6,275
Program services (functional)
$356,259
Management and general (functional)
$701,624

Balance sheet and other

Total assets, start of year
$676,613
Total assets, end of year
$359,620
Total liabilities, end of year
$1,665
Net assets, end of year
$357,955
Gross receipts
$744,315
Employees
4
Volunteers
188
Year formed
2018
State of legal domicile
TX

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
ANDY KERNERCHAIRMAN
Officer
0$0
KEITH SHEPHELWICHBOARD MEMBER
Officer
0$0
BRANDON BLOOMBOARD MEMBER
Officer
0$0
LANCE THRAIKILLBOARD MEMBER
Officer
0$0
JEFF WARDBOARD MEMBER
Officer
0$0
SCOTT LUTTRELLBOARD MEMBER
Officer
0$0
KACIE MARTINBOARD MEMBER
Officer
0$0
BRETT JOHNSTONBOARD MEMBER
Officer
0$0
RYAN WALLBOARD MEMBER
Officer
0$0
GREG COOKSBOARD MEMBER
Officer
0$0

Address and contacts

Address (IRS master file)
7540 LYNDON B JOHNSON FWY, DALLAS, TX 75251-1007
In care of
% RYAN WALL
Mailing address (990-N for 2023)
7540 LYNDON B JOHNSON FWY, DALLAS TX 75251
Principal officer (990 for 2023)
CARSON SMITH, 7540 LYNDON B JOHNSON FWY, DALLAS, TX 75251
Principal officer (990-N for 2023)
BRANDON BLOOM, 7540 LYNDON B JOHNSON FWY, DALLAS TX 75251
Signed the 990
CARSON SMITH, EXECUTIVE DIRECTOR
Phone
(817) 675-0062
Return prepared by
SAVILLE CPAS AND ADVISORS LLC

Mission

FURTHER THE NAME OF JESUS BY DEPLOYING HIS PEOPLE AND RESOURCES TO MEET THE MOST STRATEGIC AND TRANSFORMATIONAL ECONOMIC NEEDS IN OUR COMMUNITY.

990 for the year ended December 31, 2023

Program accomplishments

  • THE MAIN PROGRAM SERVICE IS TO PROVIDE FINANCIAL EMPOWERMENT INITIATIVES THROUGH FINANCIAL EDUCATION AND JOB PLACEMENT, ALONG WITH SOFT AND HARD-SKILL TRAINING PROGRAMS.
    Expenses $356,259 · grants $270,191 · revenue $729,603

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-N on file

IRS record

EIN
83-1694758
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J22)
Assets (IRS master file)
$452,951
Income (IRS master file)
$1,198,183

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990-N for 2023
Officer: BRANDON BLOOM
December 31, 2023≤ $50,000 receipts––e-Postcard
990December 2023–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about WATERMARK COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of WATERMARK COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of WATERMARK COMMUNITY DEVELOPMENT CORPORATION is 83-1694758.
Is WATERMARK COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to WATERMARK COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WATERMARK COMMUNITY DEVELOPMENT CORPORATION 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 WATERMARK COMMUNITY DEVELOPMENT CORPORATION 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 WATERMARK COMMUNITY DEVELOPMENT CORPORATION 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 WATERMARK COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2023 names CARSON SMITH.
Who are the officers and directors of WATERMARK COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2023 lists 10 people; 0 received compensation from the organization.
How much revenue does WATERMARK COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $744,315, expenses of $1,057,883 and total assets of $359,620 at year end.

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