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
Grantmaker | Grantmaker tax period | Description | Amount |
---|
ArtsFund | 2023-09 | General Support | $11,900 |
Personnel at Watershed Community Development
Name | Title | Compensation | Date of data |
---|
Ben Rankin | Board Member | $0 | 2024-08-27 |
Claire Putney | Office Manager | | 2024-08-27 |
Amber Larsen | Project Manager, the Bend | $0 | 2024-08-27 |
James Morin | Board Member | | 2024-08-27 |
Muguette Guenneguez | Past Executive Director | $59,443 | 2022-12-31 |
...and 9 more key personnel |
Financials for Watershed Community Development
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $1,364,567 | $9,297 | 14577.5% |
Program services | $1,327,323 | $1,171,613 | 13.3% |
Investment income and dividends | $51,684 | $47,298 | 9.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $2,743,574 | $1,228,208 | 123.4% |
Organizations like Watershed Community Development
Organization | Type | Location | Revenue |
---|
Sid Public Services Association | 501(c)(3) | Columbus, OH | $4,618,508 |
Schuylkill River Development Corporation (SRDC) | 501(c)(3) | Philadelphia, PA | $2,338,721 |
43north BPC | 501(c)(3) | Buffalo, NY | $8,839,623 |
Fruitvale Development Corporation | 501(c)(3) | Oakland, CA | $5,898,964 |
Camden Community Partnership | 501(c)(3) | Camden, NJ | $8,968,137 |
Greater Kokomo Economic Development Alliance | 501(c)(3) | Kokomo, IN | $5,785,033 |
Metuchen Downtown Alliance A NJ Nonprofit Corporation | 501(c)(3) | Metuchen, NJ | $915,109 |
Walnut Hills Redevelopment Foundation | 501(c)(3) | Cincinnati, OH | $2,988,969 |
Ironbound Business Improvement District Management Corporation | 501(c)(3) | Newark, NJ | $1,059,177 |
Galilee Community Development Corporation | 501(c)(3) | San Angelo, TX | $2,849,926 |
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/Â
- 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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