Homestead Water Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472650718 ✦ Evergreen, CO ✦ Designated as a 501(c)(12)

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Overview

What is Homestead Water Company?

Homestead Water Company is a mutual water company, headquartered in Evergreen, Colorado, specifically at 69439 Highway 73 15. Established with the intention of benefiting its members, the company adheres to the regulations outlined in 26 USC CS 501(C)(12). Its primary mission is to provide water services to its members, ensuring the community's water supply needs are met. The company employs a team of seven individuals to accomplish this critical task.


Official website here: www.hch2o.com/

Is Homestead Water Company legitimate?

Homestead Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Homestead Water Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $167,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,648

For more financial information, click here


Official website here: www.hch2o.com/

What is the mission statement of Homestead Water Company?

The Homestead Water Company, established as a mutual water company, serves its members with the primary objective of providing water services. This is done in accordance with the guidelines set by Section 501(C)(12) of the United States Code. The company's mission is centered around benefiting its members, ensuring they have access to reliable water services.


Official website here: www.hch2o.com/

Who is the CEO of Homestead Water Company?

Joseph Musca is the Vice President of Homestead Water Company.


Official website here: www.hch2o.com/

What is the revenue of Homestead Water Company?

Homestead Water Company's revenue in 2022 was $597,852.


Official website here: www.hch2o.com/

Who are the executives of Homestead Water Company and what are their salaries?

The average compensation at Homestead Water Company during 2022 was $37,073. There are 7 employees and 9 volunteers at Homestead Water Company.


Here are 9 key members and their salaries:


Norman S Lewis (President & Gm)
  • Compensation: $133,187
  • Related: $0
  • Other: $0
Lance Hanchey (Board Member)
  • Compensation: $34,497
  • Related: $0
  • Other: $0
Joseph Musca (Vice President)
  • Compensation: $176
  • Related: $0
  • Other: $0
Mark Hasseman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Sargent (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Burch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Choun (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Tabor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hch2o.com/

Where can I find the form 990 for Homestead Water Company?

Homestead Water Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hch2o.com/

Learn more at the official website: www.hch2o.com/

Mission Statement of Homestead Water Company

Homestead Water Company, established as a mutual water company, is committed to providing water service to its members, operating under the guidelines of Section 501(C)(12) of the United States Code. Its mission is to serve the water needs of its members, benefiting them collectively. The company's activities are centered around this purpose, ensuring a reliable water supply for the community it serves.

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Impact




October, 2024

Homestead Water Company plays a vital role in ensuring a reliable water supply for the homeowners in Evergreen, Colorado. By operating as a mutual water company, it directly invests in the water needs of its members, fostering a strong sense of community and collaboration among residents. The company is dedicated to providing essential water services, guaranteeing that all members have access to this fundamental resource. Through its commitment to mutual benefit, Homestead Water Company enhances the quality of life in the community, supporting both individual households and the broader environmental sustainability of the area. Its mission not only focuses on meeting immediate water needs but also emphasizes long-term stewardship of water resources for the benefit of current and future generations.




This information is meant to be a general summary of Homestead Water Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$597,852 (2022)
Expenses
$385,128 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,520
  • Program Service Revenue: $593,694
  • Gross Receipts: $597,852

Assets and Liabilities:

  • Total Assets: $2,191,934
  • Total Liabilities: $253,543
  • Net Assets: $1,938,391

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues & Assessments

Revenue

$593,694

Organization Details

Founding Year

2015

Principal Officer

Joseph Musca

Main Address

6949 Highway 73 15, Evergreen, CO, 80439

NTEE Category

Code: Y23 - Mutual benefit

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