WATERMARK COMMUNITY DEVELOPMENT CORPORATION
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Cite this
Plain text WATERMARK COMMUNITY DEVELOPMENT CORPORATION. furp.org, nonprofit organization profile, tax years 2023–2024. https://furp.org/org/watermark-community-development-corporation-831694758. Retrieved 2026-11-05.
APA furp.org. (n.d.). WATERMARK COMMUNITY DEVELOPMENT CORPORATION [Nonprofit organization profile; tax years 2023–2024]. Retrieved November 5, 2026, from https://furp.org/org/watermark-community-development-corporation-831694758
MLA “WATERMARK COMMUNITY DEVELOPMENT CORPORATION.” furp.org, tax years 2023–2024, https://furp.org/org/watermark-community-development-corporation-831694758. Accessed 5 Nov. 2026.
Retrieved 2026-11-05; covers tax years 2023–2024. Data: furp.org, CC BY 4.0.
2024 · Form 990 · revenue $1.2M · expenses $1.1M · assets $453K
- EIN
- 83-1694758
- Address
- 7540 LYNDON B JOHNSON FWY, DALLAS, TX 75251-1007
- Website
- HTTPS://WWW.WATERMARKCDC.ORG
- NTEE code
- J22 Job Training (Employment) published (IRS Business Master File)
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- July 2019 (when the IRS recognized its exemption)
- IRS status
- Exempt (unconditional) (IRS Business Master File) IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (public charity) Pub 78 ↗
- Foundation status
- Public charity supported by the public (170(b)(1)(a)(vi))
- Principal officer
- BRANDON BLOOM (its 2023 Form 990-N)
- Form 990-N e-postcards
- 1 filed, 2023 (organizations with gross receipts normally $50,000 or less file this instead of a full Form 990) IRS data ↗
- Cross-check
- ProPublica Nonprofit Explorer
Mission
FURTHER THE NAME OF JESUS BY DEPLOYING HIS PEOPLE AND RESOURCES TO MEET THE MOST STRATEGIC AND TRANSFORMATIONAL ECONOMIC NEEDS IN OUR COMMUNITY.
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
None of the 15 people listed on these returns reported compensation from the organization. They are listed below.
Officers and directors, no compensation reported
15 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Lance Thrailkill | BOARD CHAIRMAN | 2024 | 0 | $0 reported | 1 |
| Keith Shephelwich | FINANCIAL EMPOWERMENT | 2023-2024 | 0 | $0 reported | 1 |
| Bill Ashbaugh | FINANCIAL EMPOWERMENT | 2024 | 0 | $0 reported | 1 |
| Dawn Johnson | FINANCIAL EMPOWERMENT | 2024 | 0 | $0 reported | 1 |
| Andy Kerner | VOCATIONAL TRAINING & EMPLOYMENT | 2023-2024 | 0 | $0 reported | 1 |
| Jeff Ward | VOCATIONAL TRAINING & EMPLOYMENT | 2023-2024 | 0 | $0 reported | 1 |
| Jelleta King | VOCATIONAL TRAINING & EMPLOYMENT | 2024 | 0 | $0 reported | 1 |
| Kacie Martin | BUSINESS & ECONOMIC DEVELOPMENT | 2023-2024 | 0 | $0 reported | 1 |
| Josh Mckee | BUSINESS & ECONOMIC DEVELOPMENT | 2024 | 0 | $0 reported | 1 |
| Brandon Bloom (former) | BOARD MEMBER | 2023 | 0 | $0 reported | 1 |
| Lance Thraikill (former) | BOARD MEMBER | 2023 | 0 | $0 reported | 1 |
| Scott Luttrell (former) | BOARD MEMBER | 2023 | 0 | $0 reported | 1 |
| Brett Johnston (former) | BOARD MEMBER | 2023 | 0 | $0 reported | 1 |
| Ryan Wall (former) | BOARD MEMBER | 2023 | 0 | $0 reported | 1 |
| Greg Cooks (former) | BOARD MEMBER | 2023 | 0 | $0 reported | 1 |
People by year
2024 · 9 people listed · none paid · 4 employees · 120 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| LANCE THRAILKILL | BOARD CHAIRMAN | 0 | $0 | $0 | $0 | $0 | 1 |
| KEITH SHEPHELWICH | FINANCIAL EMPOWERMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| BILL ASHBAUGH | FINANCIAL EMPOWERMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| DAWN JOHNSON | FINANCIAL EMPOWERMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| ANDY KERNER | VOCATIONAL TRAINING & EMPLOYMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| JEFF WARD | VOCATIONAL TRAINING & EMPLOYMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| JELLETA KING | VOCATIONAL TRAINING & EMPLOYMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| KACIE MARTIN | BUSINESS & ECONOMIC DEVELOPMENT | 0 | $0 | $0 | $0 | $0 | 1 |
| JOSH MCKEE | BUSINESS & ECONOMIC DEVELOPMENT | 0 | $0 | $0 | $0 | $0 | 1 |
2023 · 10 people listed · none paid · 4 employees · 188 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| ANDY KERNER | CHAIRMAN | 0 | $0 | $0 | $0 | $0 | 1 |
| KEITH SHEPHELWICH | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| BRANDON BLOOM | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| LANCE THRAIKILL | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| JEFF WARD | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| SCOTT LUTTRELL | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| KACIE MARTIN | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| BRETT JOHNSTON | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| RYAN WALL | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
| GREG COOKS | BOARD MEMBER | 0 | $0 | $0 | $0 | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $1,198,183 | $1,103,214 | $452,951 | $452,924 | $1,188,003 | $0 | $0 | 4 | 120 |
| 2023 · Form 990 | ||||||||
| $744,315 | $1,057,883 | $359,620 | $357,955 | $729,603 | $0 | $0 | 4 | 188 |
Funders of this organization
12 grantors reported grants to this organization, $1,172,885 in all, tax years 2020 to 2025. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV
| Grantor | Type | Match | Years given | Grants | Total | Latest year | Latest year's amount | Grants |
|---|---|---|---|---|---|---|---|---|
| COMMUNITIES FOUNDATION OF TEXAS | DAF sponsor | Exact | 2021-2024 | 4 | $352,402 | 2024 | $150,398 | show |
| DONOR ADVISED CHARITABLE GIVING | DAF sponsor | Exact | 2022-2024 | 3 | $259,300 | 2024 | $87,300 | show |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | DAF sponsor | Exact | 2020-2024 | 5 | $203,350 | 2024 | $85,350 | show |
| RAYMOND JAMES CHARITABLE ENDOWMENT FUND | DAF sponsor | Exact | 2024 | 1 | $120,000 | 2024 | $120,000 | show |
| NATIONAL CHRISTIAN CHARITABLE FOUNDATION | DAF sponsor | Exact | 2023-2024 | 2 | $79,000 | 2024 | $59,000 | show |
| THE BLACKBAUD GIVING FUND | DAF sponsor | Exact | 2022-2023, 2025 | 3 | $56,080 | 2025 | $30,000 | show |
| CHRISTIAN COMMUNITY FOUNDATION INC | DAF sponsor | Exact | 2024 | 1 | $35,000 | 2024 | $35,000 | show |
| TEXAS CAPITAL BANK FOUNDATION | Private foundation | Fuzzy filed as “Watermark Community Development Corporation” | 2025 | 1 | $30,000 | 2025 | $30,000 | show |
| AMERICAN GIFT FUND | DAF sponsor | Exact | 2024 | 1 | $19,000 | 2024 | $19,000 | show |
| AMERICAN ONLINE GIVING FOUNDATION INC | DAF sponsor | Exact | 2025 | 1 | $10,453 | 2025 | $10,453 | show |
| STATE FAIR OF TEXAS | Public charity | Exact | 2023 | 1 | $8,000 | 2023 | $8,000 | show |
| EDWARD JONES FOUNDATION | Private foundation | Fuzzy filed as “WATERMARK COMMUNITY DEVELOPMENT CORPORATION” | 2024 | 1 | $300 | 2024 | $300 | show |
Nearby + Similar BETA
Organizations like this one: what they do and who they are linked to
Same category: NTEE code and revenue
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| EDUCATIONAL PROGRAMS INSPIRING COMMUNITIES INC | TX | J22 | $1,194,549 | $1,507,919 | Executive Director | $101,519 | Same NTEE code J22, revenue within 2x, same state |
| ASSOCIATED BUILDERS & CONTRACTORS MERIT SHOP TRAINING PROGRAM INC | TX | J22 | $1,866,412 | $1,848,107 | PRESIDENT | $127,033 | Same NTEE code J22, revenue within 2x, same state |
| GOOD WORKS COLLECTIVE | TX | J22 | $862,682 | $493,896 | President | $94,804 | Same NTEE code J22, revenue within 2x, same state |
| CONSTRUCTION AND MAINTENANCE EDUCATION FOUNDATION | TX | J22 | $2,274,529 | $2,188,167 | President | $263,589 | Same NTEE code J22, revenue within 2x, same state |
| S & R TRUCK DRIVING INSTITUTE | TX | J22 | $645,710 | $611,884 | DIRECTOR | $0 | Same NTEE code J22, revenue within 2x, same state |
| VICKERY TRADING COMPANY INC | TX | J22 | $611,835 | $557,981 | Chair ED Founder | $50,000 | Same NTEE code J22, revenue within 2x, same state |
| HIP HEALTHY INNOVATIVE PROCESSES | TX | J22 | $678,003 | $699,745 | Board Member | $0 | Same NTEE code J22, revenue within 2x, same state |
| HOMEAID AUSTIN INC | TX | J22 | $1,170,999 | $1,107,217 | Executive Director | $95,561 | Same NTEE code J22, revenue within 2x, same state |
| ASSOCIATED BUILDERS AND CONTRACTORS OF SOUTHEAST TEXAS | TX | J22 | $1,434,918 | $1,170,646 | President | $177,085 | Same NTEE code J22, revenue within 2x, same state |
| WEST TEXAS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST | TX | J22 | $818,027 | $811,086 | TRAINING DIRECTOR | $117,078 | Same NTEE code J22, revenue within 2x, same state |
| SHEPHARD COMMUNITY DEVELOPMENT CORPORATION | IN | J22 | $648,982 | $180,276 | Executive Director | $156,991 | Same NTEE code J22, revenue within 2x, similar name |
| GREAT LAKES TRAINING & DEVELOPMENT CORP | WI | J22 | $1,007,924 | $1,024,953 | CHAIRMAN | $7,800 | Same NTEE code J22, revenue within 2x |
| CENTRAL SIX DEVELOPMENT COUNCIL | AL | J22 | $1,296,981 | $1,256,306 | EXECUTIVE DI | $141,731 | Same NTEE code J22, revenue within 2x |
| KEYSTONE DEVELOPMENT PARTNERSHIP | PA | J22 | $952,699 | $894,698 | CHAIRPERSON | $254,950 | Same NTEE code J22, revenue within 2x |
| SIMPSON STREET DEVELOPMENT ASSOCIATION INC | NY | J22 | $1,175,570 | $1,160,570 | EXECUTIVE DIRECTOR | $85,302 | Same NTEE code J22, revenue within 2x |
| NEW HAVEN DEVELOPMENT CENTER INC | FL | J22 | $1,360,000 | $387,375 | VP | $286,000 | Same NTEE code J22, revenue within 2x |
| ASIAN ECONOMIC DEVELOPMENT ASSOCIATION | MN | J22 | $1,075,432 | $1,228,033 | EXECUTIVE DIRECTOR | $157,848 | Same NTEE code J22, revenue within 2x |
| FAITH WORKS COMMUNITY COALITION | CA | J22 | $1,727,059 | $1,021,515 | Executive Dir. | $105,571 | Same NTEE code J22, revenue within 2x |
| GARDEN 31 COMMUNITY INITIATIVE INC | CA | J22 | $727,063 | $785,332 | BOARD CHAIRPERSON | $0 | Same NTEE code J22, revenue within 2x |
| SMALL BUSINESS SYNERGY CORPORATION | MO | J22 | $839,700 | $907,732 | CEO | $270,326 | Same NTEE code J22, revenue within 2x |
| JANE ADDAMS RESOURCE CORPORATION - BALTIMORE | IL | J22 | $2,208,659 | $1,514,923 | PRESIDENT | $188,743 | Same NTEE code J22, revenue within 2x |
| JANE ADDAMS RESOURCE CORPORATION - RHODE ISLAND | RI | J22 | $1,077,137 | $1,231,487 | PRESIDENT | $188,743 | Same NTEE code J22, revenue within 2x |
| LOCAL ECONOMIC & EMPLOYEMENT DEVELOPMENT COUNCIL INC | IL | J22 | $830,083 | $480,717 | Executive Director | $94,598 | Same NTEE code J22, revenue within 2x |
| KNEAD COMMUNITY CAFE | PA | J22 | $681,159 | $405,795 | CHEF | $42,675 | Same NTEE code J22, revenue within 2x |
| CAPE AND ISLANDS WORKFORCE DEVELOPMENT BOARD INC | MA | J22 | $1,385,095 | $1,265,585 | EXECUTIVE DI | $161,155 | Same NTEE code J22, revenue within 2x |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $1,103,214 spent · pay $712,554 · grants $202,767 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $551,806 | - | $551,806 | - | 50.0% | |
| Grants to US individuals | $202,767 | $202,767 | - | - | 18.4% | |
| Other employee benefits | $92,850 | - | $92,850 | - | 8.4% | |
| Other (as described) | BUSINESS COHORT | $58,634 | $58,634 | - | - | 5.3% |
| Payroll taxes | $44,565 | - | $44,565 | - | 4.0% | |
| Information technology | $43,137 | - | $43,137 | - | 3.9% | |
| Advertising and promotion | $42,925 | - | $42,925 | - | 3.9% | |
| Pension plan contributions | $23,333 | - | $23,333 | - | 2.1% | |
| Other (as described) | JOB CONNECTION PROGRAM | $10,065 | $10,065 | - | - | 0.9% |
| Other (as described) | SOFTWARE | $8,310 | - | $8,310 | - | 0.8% |
| All other expenses | $8,122 | - | $8,122 | - | 0.7% | |
| Fees: accounting | $7,014 | - | $7,014 | - | 0.6% | |
| Office expenses | $3,244 | - | $3,244 | - | 0.3% | |
| Other (as described) | PAYROLL FEES | $2,772 | - | $2,772 | - | 0.3% |
| Insurance | $2,157 | - | $2,157 | - | 0.2% | |
| Travel | $1,513 | - | $1,513 | - | 0.1% | |
| Total | $1,103,214 | 100% |
2023 · Form 990 · $1,057,883 spent · pay $582,031 · grants $270,191 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $432,702 | - | $432,702 | - | 40.9% | |
| Grants to US individuals | $270,191 | $270,191 | - | - | 25.5% | |
| Other employee benefits | $92,751 | - | $92,751 | - | 8.8% | |
| Other (as described) | GENERAL AND ADMINISTRAT | $83,178 | - | $83,178 | - | 7.9% |
| Other (as described) | BUSINESS COHORT | $51,430 | $51,430 | - | - | 4.9% |
| Payroll taxes | $36,515 | - | $36,515 | - | 3.5% | |
| Other (as described) | JOB CONNECTION PROGRAM | $34,638 | $34,638 | - | - | 3.3% |
| Advertising and promotion | $26,974 | - | $26,974 | - | 2.5% | |
| Pension plan contributions | $20,063 | - | $20,063 | - | 1.9% | |
| Fees: accounting | $6,275 | - | $6,275 | - | 0.6% | |
| Other (as described) | PAYROLL FEES | $1,997 | - | $1,997 | - | 0.2% |
| All other expenses | $1,169 | - | $1,169 | - | 0.1% | |
| Total | $1,057,883 | 100% |
State business registration
- WATERMARK COMMUNITY DEVELOPMENT CORPORATION TX, CN, Active franchise taxpayer (SOS status A), formed 2018-09-05
The same business name in the same state, from the state’s official registry data.
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