Waterman Communities
Also known as Waterman Village of Mt Dora
Waterman Communities reported $51.5 million in revenue and $53.8 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $88.96 went to program services, $11.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.6% of the total. The highest compensation it reported for one person was $411,878 (PRESIDENT/CEO). 12 people received more than $100,000 in reportable compensation. Revenue rose 68% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $54MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $51MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.0% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.6% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $411,878 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.77% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 12 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -7.8 | 6.9 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseWaterman Communities, inc. (aka waterman village) provides senior living, independent living, assisted living, memory care, nursing care, home care and outpatient services, to its residents. The filing organization operates 418 independent living units, 77 assisted living units, a 24-bed memory care unit, and a 120-bed skilled nursing facility. The independent living units have the capacity to serve approximately 418 elderly residents or couples by providing meal in one of our five dining venues/experiences from buffet, sports bar, cafe to fine dining, transportation to medical appointments…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 40.0 hrs/week | $393,144 | $0 | $18,734 | $411,878 |
| VICE PRESIDENT/COO Officer, 40.0 hrs/week | $212,994 | $0 | $21,487 | $234,481 |
| VICE PRESIDENT/CFO Officer, 40.0 hrs/week | $185,705 | $0 | $0 | $185,705 |
| HR DIRECTOR Highest compensated employee, 40.0 hrs/week | $138,930 | $0 | $15,041 | $153,971 |
| RISK MANAGER Highest compensated employee, 40.0 hrs/week | $131,738 | $0 | $20,528 | $152,266 |
| PHYSICAL THERAPIST Highest compensated employee, 40.0 hrs/week | $107,645 | $0 | $28,388 | $136,033 |
| DIRECTOR OF NURSES Highest compensated employee, 40.0 hrs/week | $106,757 | $0 | $20,528 | $127,285 |
| EXEC DIRECTOR OF HOME BASED SERVICES Highest compensated employee, 40.0 hrs/week | $110,466 | $0 | $6,571 | $117,037 |
12 people received more than $100,000 in reportable compensation from Waterman Communities (Part VII, line 2). Compensation of current officers, directors and key employees totaled $832K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5663
- Volunteers Part I, line 6117
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SODEXO INC & AFFILIATES Dining, plant operations, and housekeeping services | $4,822,751 |
| AGENCY FOR HEALTH CARE ADMINISTRATION Quality assessment fees | $654,939 |
| TNT LAWN CARE LLC Maintenance contractor services | $559,317 |
| OMNICARE Pharmacy supplies | $417,215 |
Individuals listed as contractors are left out. 19 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Waterman Communities's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Waterman Communities, you can publish a response that is linked from this page.
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Of every $100 Waterman Communities spent in FY2025, $88.96 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Waterman Communities's spending goes to programs?
In the fiscal year ending September 30, 2025, Waterman Communities reported that 89.0% of its $53.8 million in expenses went to program services, 11.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Waterman Communities pay its top executive?
The largest total compensation Waterman Communities reported for one person in the fiscal year ending September 30, 2025 was $411,878, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Waterman Communities get its money?
Of $51.5 million in revenue in the fiscal year ending September 30, 2025, 0.2% came from contributions and grants and 97.6% from program service revenue (Form 990, Part VIII).
Is Waterman Communities a registered charity?
The IRS lists EIN 59-2867652 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622269349302412 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202531929349300348 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442219349301019 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202302239349302265 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222229349301872 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202142099349300104 · read the filing
All filings for EIN 59-2867652: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.