EIN 84-2919236

Watershed Community Development

IRS 501(c) type
501(c)(3)
Num. employees
9
Year formed
2019
Most recent tax filings
2023-12-01
Description
Watershed / Georgetown Community Development Authority builds resilient community through affordable placemaking and placekeeping in the Duwamish Valley. They create at the intersection of the arts, equity, and collective well-being. As a community-based 501(c)(3) nonprofit organization located in Seattle, WA, they operate affordable artist and artisan work spaces and plan to build a village of workforce housing and community space in the area.
Also known as...
Georgetown Community Development Authority
Total revenues
$2,743,574
2023
Total expenses
$4,083,819
2023
Total assets
$39,206,009
2023
Num. employees
9
2023

Program areas at Watershed Community Development

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.

Who funds Watershed Community Development

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
ArtsFundGeneral Support$11,900

Personnel at Watershed Community Development

NameTitleCompensation
Ben RankinBoard Member$0
Claire PutneyOffice Manager
Amber LarsenProject Manager, the Bend$0
James MorinBoard Member
Muguette GuenneguezPast Executive Director$59,443
...and 9 more key personnel

Financials for Watershed Community Development

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,364,567
Program services$1,327,323
Investment income and dividends$51,684
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,743,574

Form 990s for Watershed Community Development

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-06990View PDF
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
Data update history
January 11, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 4, 2025
Used new vendors
Identified 2 new vendors, including , and
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $11,900 from ArtsFund
August 27, 2024
Updated personnel
Identified 5 new personnel
February 1, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
6555 5th Ave S 108
Seattle, WA 98108
Metro area
Seattle-Tacoma-Bellevue, WA
County
King County, WA
Website URL
watershedcommunity.org/ 
Phone
(206) 420-1342
IRS details
EIN
84-2919236
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S00: Community Improvement, Capacity Building: General
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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