Nonprofit · EIN 84-2919236
GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY
Tax-exempt · SEATTLE, WA 98108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,067,657 | $3,648,883 | $2,418,774 | $43,499,454 | $53,294,035 | -$9,794,581 |
| December 31, 2024 | 990 | $1,478,175 | $4,545,556 | -$3,067,381 | $39,277,875 | $51,632,734 | -$12,354,859 |
| December 31, 2023 | 990 | $2,743,574 | $4,083,819 | -$1,340,245 | $39,206,009 | $48,493,487 | -$9,287,478 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,574,791
- Program service revenue
- $449,025
- Investment income
- $40,086
- Other revenue
- $3,755
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $206,326
- Other salaries and wages
- $433,679
- Salaries, compensation and benefits (total)
- $787,743
- Professional fundraising fees
- $197,834
- Legal fees
- $47,661
- Accounting fees
- $128,185
- Occupancy
- $198,560
- Travel
- $10,015
- Depreciation
- $22,805
- Program services (functional)
- $2,254,105
- Management and general (functional)
- $1,145,578
- Fundraising (functional)
- $249,200
Balance sheet and other
- Total assets, start of year
- $39,277,875
- Total assets, end of year
- $43,499,454
- Total liabilities, end of year
- $53,294,035
- Net assets, end of year
- -$9,794,581
- Land, buildings and equipment
- $16,042,752
- Net assets without donor restrictions
- -$9,794,581
- Gross receipts
- $6,067,657
- Employees
- 12
- Volunteers
- 475
- Year formed
- 2019
- State of legal domicile
- WA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN DITCHARO | FINANCE DIRECTOR Highest-paid employee | 40 | $112,950 | $12,389 |
| KAY MORRISON | DEPUTY DIRECTOR Officer | 40 | $93,212 | $10,389 |
| AMY NGUYEN | EXECUTIVE DIRECTOR (AS OF JUNE 2025) Officer | 40 | $98,910 | $3,829 |
| JENNIFER TRUJILLO INTERIM | EXECUTIVE DIR. (THROUGH JULY 2025) Officer | 40 | $0 | $0 |
| MARY DZIEWECZYNSKI | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN KIRSCHENBAUM | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LEE STRIAR | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MARC COTE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ELIZABETH GAHAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KRISTINA GOETZ | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PAULINA LOPEZ | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ELIZABETH ROMNEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAY MORRISON | DEPUTY DIRECTOR Officer | 40 | $71,293 | $8,631 |
| JENNIFER TRUJILLO | INTERIM EXECUTIVE DIRECTOR Officer | 40 | $0 | $0 |
| RON POSTHUMA | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ELIZABETH ROMNEY | SECRETARY/TREASURER & DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| JOHN KIRSCHENBAUM | DIRECTOR & SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LEE STRIAR | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MARC COTE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARY DZIEWECZYNSKI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ELIZABETH GAHAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KRISTINA GOETZ | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PAULINA LOPEZ | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JAY O'NEIL | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MUGUETTE GUENNEGUEZ EXECUTIVE | DIRECTOR (THROUGH JUNE 2023) Officer | 40 | $64,081 | $11,021 |
| KAY MORRISON | DEPUTY DIRECTOR Officer | 40 | $51,246 | $9,288 |
| JENNIFER TRUJILLO INTERIM | EXECUTIVE DIRECTOR (AS OF JUNE 2023) Officer | 40 | $0 | $0 |
| CRAIG HOWARD | PRESIDENT (THROUGH APRIL 2023) Trustee or director, Officer | 5 | $0 | $0 |
| RON POSTHUMA | DIRECTOR & PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| SAM FARRAZAINO VICE PRESIDENT | TREASURER (THROUGH JUNE 2023) Trustee or director, Officer | 5 | $0 | $0 |
| ELIZABETH ROMNEY | DIRECTOR & SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ALFREDO JUDE AJ CARI | DIRECTOR (THROUGH AUGUST 2023) Trustee or director | 5 | $0 | $0 |
| TERRI GATTS DAYTON | DIRECTOR (THROUGH JUNE 2023) Trustee or director | 5 | $0 | $0 |
| JANICE JACKSON HALEY | DIRECTOR (THROUGH JUNE 2023) Trustee or director | 5 | $0 | $0 |
| JOHN KIRSCHENBAUM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PAULINA LOPEZ | DIRECTOR Trustee or director | 5 | $0 | $0 |
| FELICIA PORTER | DIRECTOR (THROUGH JUNE 2023) Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6562 5TH AVE S, SEATTLE, WA 98108-3432
- Principal officer (990 for 2025)
- MARY DZIEWECZYNSKI, 6562 5TH AVENUE S, SEATTLE, WA 98108
- Signed the 990
- MARC COTE, TREASURER
- Phone
- (206) 420-1342
- Website
- WWW.WATERSHEDCOMMUNITY.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- 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.Expenses $2,254,105 · revenue $449,025
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2919236
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $43,499,454
- Income (IRS master file)
- $6,067,657
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,067,657 | $3,648,883 | $43,499,454 | XML |
| 990 | December 2024 | $1,478,175 | $4,545,556 | $39,277,875 | XML |
| 990 | December 2023 | $2,743,574 | $4,083,819 | $39,206,009 | XML |
| 990 | December 2022 | $1,228,208 | $2,976,276 | $43,697,520 | IRS |
| 990 | December 2021 | – | – | – | 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 84-2919236).
Questions about GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY
- What is the EIN of GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY?
- The employer identification number (EIN) of GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY is 84-2919236.
- Is GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY 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 GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY?
- The 990 for the year ended December 31, 2025 names MARY DZIEWECZYNSKI.
- Who are the officers and directors of GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY?
- The 990 for the year ended December 31, 2025 lists 12 people; 3 received compensation from the organization, the highest $112,950 (KATHLEEN DITCHARO, FINANCE DIRECTOR).
- How much revenue does GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,067,657, expenses of $3,648,883 and total assets of $43,499,454 at year end.
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