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Nonprofiteer
← GREATER WATERTOWN COMMUNITY HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by GREATER WATERTOWN COMMUNITY HEALTH FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 11 July 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$31,092,438
Total expenses
$30,731,222
Contributions and grants received
$545,727
Grants paid
$5,033,523
Program service revenue
$23,283,979
Investment income
$6,436,099
Other revenue
$826,633
Total assets, end of year
$131,180,063
Total liabilities, end of year
$22,603,436
Net assets or fund balances, end of year
$108,576,627
Program services expenses (Part IX)
$29,426,853
Management and general expenses
$1,304,369
Fundraising expenses
$0
Program service expenses (Part III)
$29,426,853

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $200,000

  • 1f · All other contributions, gifts and grants

    $345,727

  • 2a · Program service revenue: JOINT VENTURE - HOSPITAL

    total $22,225,833 · related or exempt $22,225,833

  • 2b · Program service revenue: JOINT VENTURE - SENIOR HOUSING

    total $1,058,146 · related or exempt $1,058,146

  • 3 · Investment income

    total $2,113,900 · excluded $2,113,900

  • 6a · Gross rents

    real property $687,405

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $687,405

  • 6d · Net rental income or loss

    total $687,405 · excluded $687,405

  • 7a · Gross sales of assets other than inventory

    securities $29,154,318 · other assets $276,730

  • 7b · Less cost or other basis and sales expenses

    securities $24,904,791 · other assets $204,058

  • 7c · Gain or loss

    securities $4,249,527 · other assets $72,672

  • 7d · Net gain or loss

    total $4,322,199 · excluded $4,322,199

  • 11a · Other revenue: REIMBURSEMENT FOR TENANT IMPROVEM

    total $138,804 · related or exempt $138,804

  • 11d · All other revenue

    total $424 · related or exempt $424

  • 11e · Other revenue, total

    $139,228

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,033,523 · program services $5,033,523

  • 5 · Compensation of officers, directors and key employees

    total $616,794 · program services $529,268 · management and general $87,526

  • 7 · Other salaries and wages

    total $547,416 · program services $485,055 · management and general $62,361

  • 9 · Other employee benefits

    total $60,046 · program services $56,095 · management and general $3,951

  • 10 · Payroll taxes

    total $61,873 · program services $48,478 · management and general $13,395

  • 11a · Fees: management

    total $57,568 · program services $5,436 · management and general $52,132

  • 11c · Fees: accounting

    total $5,340 · management and general $5,340

  • 11f · Fees: investment management

    total $362,752 · management and general $362,752

  • 11g · Fees: other

    total $361,701 · management and general $361,701

  • 12 · Advertising and promotion

    total $30,074 · program services $1,096 · management and general $28,978

  • 13 · Office expenses

    total $76,421 · program services $20,640 · management and general $55,781

  • 14 · Information technology

    total $65,201 · management and general $65,201

  • 16 · Occupancy

    total $403,324 · program services $403,324

  • 17 · Travel

    total $25,198 · program services $819 · management and general $24,379

  • 19 · Conferences, conventions and meetings

    total $210,373 · program services $192,410 · management and general $17,963

  • 20 · Interest

    total $809,839 · program services $809,839

  • 22 · Depreciation, depletion and amortization

    total $694,682 · program services $694,682

  • 23 · Insurance

    total $75,018 · program services $1,166 · management and general $73,852

  • 24a · Other expenses: JOINT VENTURE - HOSPITA

    total $20,593,544 · program services $20,593,544

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $596,614 · program services $537,119 · management and general $59,495

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,940 · program services $850 · management and general $17,090

  • 24d · Other expenses: STATE HOUSING COMPLIANC

    total $4,410 · program services $4,410

  • 24e · All other expenses

    total $21,571 · program services $9,099 · management and general $12,472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $940,870 · end of year $2,675,654

  • 2 · Savings and temporary cash investments

    beginning of year $236,431 · end of year $179,658

  • 4 · Accounts receivable

    beginning of year $1,754 · end of year $744

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,813 · end of year $824

  • 10a · Land, buildings and equipment: cost or other basis

    $26,635,645

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,134,017

  • 10c · Land, buildings and equipment, net

    beginning of year $20,243,599 · end of year $21,501,628

  • 11 · Investments: publicly traded securities

    beginning of year $76,548,272 · end of year $87,436,850

  • 13 · Investments: program-related

    beginning of year $16,070,535 · end of year $17,702,824

  • 15 · Other assets

    beginning of year $1,451,906 · end of year $1,681,881

  • 17 · Accounts payable and accrued expenses

    beginning of year $734,664 · end of year $4,411,355

  • 23 · Secured mortgages and notes payable

    beginning of year $16,728,544 · end of year $16,652,848

  • 25 · Other liabilities

    beginning of year $1,307,904 · end of year $1,539,233

  • 27 · Net assets without donor restrictions

    beginning of year $96,748,068 · end of year $108,527,631

  • 28 · Net assets with donor restrictions

    end of year $48,996

Mission and programs · 2023

Mission

TO INSPIRE COLLABORATION, MOBILIZE RESOURCES AND ENCOURAGE INNOVATION THAT MEASURABLY CONTRIBUTES TO THE WELLBEING OF OUR COMMUNITIES.

  • GREATER WATERTOWN COMMUNITY HEALTH FOUNDATION OPERATES AS A HEALTH FOUNDATION, SERVING AS A CATALYST FOR COMMUNITY HEALTH. WE LEAD OUR OWN FOUNDATION-DIRECTED HEALTH PROGRAMMING AND OFFER RESPONSIVE GRANT CYCLES. THE FOUNDATION HOLDS A 20% INTEREST IN WATERTOWN HOLDING COMPANY, LLC. THE FOUNDATION ALSO HOLDS MAJORITY OWNERSHIP INTEREST IN TWO SENIOR APARTMENT COMPLEXES, WATERTOWN SENIOR HOUSING, LLC AND WATERTOWN SENIOR HOUSING II, LLC. THE FOUNDATION HOLDS 100% INTEREST IN GWCHF HOLDINGS LLC, WHICH OPERATES A NONPROFIT CENTER AS WELL AS LAND FOR HOUSING REDEVELOPMENT PURPOSES.

    Expenses $29,426,853 · Grants $5,033,523 · Revenue $23,423,207

As filed on the 2023 return.

Listed in Part VII

  • Tina Crave

    PRESIDENT

    Total calculated
    $245,167
    From this org
    $214,596
    From related orgs
    $0
    Other
    $30,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,596
    Bonus
    $20,000
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $22,571
    Filer's total
    $245,167

  • Deb Portman

    SECRETARY

    Total calculated
    $75,083
    From this org
    $50,506
    From related orgs
    $0
    Other
    $24,577
    Hours/week
    40

  • Mike Sullivan MD

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Margaret Hanrahan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Randy Phelps

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andrea Merfeld

    SECRETARY (THRU JAN 2024)

    Total calculated
    $0
    Hours/week
    30

  • Steven Battenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elliot Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Eggert

    DIRECTOR (THRU DEC 2023)

    Total calculated
    $0
    Hours/week
    2

  • Orlando Dominguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Megan Hartwick

    DIRECTOR (THRU DEC 2023)

    Total calculated
    $0
    Hours/week
    2

  • Karla Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Oswald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Quest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nate Salas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Schuler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mick Selck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcy Tessmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nathan Peters

    CHIEF FINANCIAL OFFICER

    Total calculated
    $166,198
    From this org
    $137,658
    From related orgs
    $0
    Other
    $28,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,658
    Bonus
    $0
    Other
    $0
    Deferred
    $6,032
    Nontaxable benefits
    $22,508
    Filer's total
    $166,198

  • Kimberly Melcher

    CHIEF IMPACT OFFICER

    Total calculated
    $153,617
    From this org
    $125,813
    From related orgs
    $0
    Other
    $27,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,813
    Bonus
    $10,000
    Other
    $0
    Deferred
    $5,296
    Nontaxable benefits
    $22,508
    Filer's total
    $153,617

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WATERTOWN COLLECTIVE LLC

    CORPORATE CENTER · WI · income $708,320 · assets $13,167,925

    Directly controlled by GWCHF HOLDINGS LLC

  • HOFFMAN MATZ LLC

    LAND FOR FUTURE DEVELOPMENT · WI · income $203,603 · assets $4,178,658

    Directly controlled by GWCHF HOLDINGS LLC

  • EICKSTAEDT LANE LLC

    RESIDENTIAL RENTAL PROPERTY · WI · income $29,173 · assets $459,997

    Directly controlled by GWCHF HOLDINGS LLC

  • GWCHF HOLDINGS LLC

    HOLDING COMPANY · WI

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WATERTOWN SENIOR HOUSING LLC

    RELATED · LOW INCOME SENIOR HOUSING · WI · 60% owned · share of income $302,092 · share of assets $1,308,595

    Directly controlled by FOUNDATION

  • WATERTOWN SENIOR HOUSING II LLC

    RELATED · LOW INCOME SENIOR HOUSING · WI · 60% owned · share of income $332,246 · share of assets $1,474,881

    Directly controlled by FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2025
IRS schema version
2023v6.0
Source object
202522899349301312

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