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Homewood Water Association Inc

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

EIN: 640508855 ✦ Forest, MS ✦ Designated as a 501(c)(12)

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Overview

What is Homewood Water Association Inc?

Homewood Water Association Inc is a nonprofit organization situated in a rural community. Their primary role is to ensure a steady water supply for its 698 residents. They accomplish this goal through their public utilities programs, demonstrating their commitment to the well-being of the local community. The association's mission is to provide clean and reliable water, playing a crucial role in maintaining the quality of life for the residents it serves.

Is Homewood Water Association Inc legitimate?

Homewood Water Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Homewood Water Association Inc 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: $4,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,039

For more financial information, click here

What is the mission statement of Homewood Water Association Inc?

The Homewood Water Association, as an organization, is dedicated to supplying water to a rural community. They accomplish this mission through their public utilities programs, catering to the needs of approximately 698 residents. The association's primary objective is to ensure a reliable water supply for this particular community, thereby contributing to its overall well-being. The Homewood Water Association's activities are centered around providing this essential resource, thereby enhancing the quality of life for the inhabitants of the rural community it serves.

Who is the CEO of Homewood Water Association Inc?

David Foreman is the President of Homewood Water Association Inc.

What is the revenue of Homewood Water Association Inc?

Homewood Water Association Inc's revenue in 2023 was $357,351.

Who are the executives of Homewood Water Association Inc and what are their salaries?

The average compensation at Homewood Water Association Inc during 2023 was $19,039. There is 1 employee at Homewood Water Association Inc.


Here are 8 key members and their salaries:


David Foreman (President)
  • Compensation: $1,350
  • Related: $0
  • Other: $0
Susan Sorey (Secretary)
  • Compensation: $15,039
  • Related: $0
  • Other: $0
James Hill (Director)
  • Compensation: $350
  • Related: $0
  • Other: $0
Mike Sanders (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
John Anderson (Vice-President)
  • Compensation: $800
  • Related: $0
  • Other: $0
James Wash (Director)
  • Compensation: $500
  • Related: $0
  • Other: $0
Lonnie Gray (Director)
  • Compensation: $450
  • Related: $0
  • Other: $0
Mike Gibson (Director)
  • Compensation: $450
  • Related: $0
  • Other: $0
Where can I find the form 990 for Homewood Water Association Inc?

Homewood Water Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Homewood Water Association Inc

Homewood Water Association Inc, a nonprofit organization, is dedicated to supplying water to a rural community. Through its public utilities programs, this association ensures that a total of 698 residents have access to this essential resource. The mission of Homewood Water Association Inc is to provide reliable and safe water to its community, ensuring that every resident has access to this basic necessity for daily life. The organization's efforts in this regard are crucial, as having a reliable water supply is essential for the health and well-being of the community. By providing water through its public utilities programs, Homewood Water Association Inc plays an essential role in supporting the daily lives of its residents, enabling them to maintain their homes and communities.

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Impact




October, 2024

Homewood Water Association Inc plays a crucial role in enhancing the quality of life for the 698 residents of its rural community in Forest, Mississippi. By providing reliable access to clean water, the organization ensures that the basic needs of the population are met, which is essential for health and sanitation. This access contributes to the overall well-being of the community, allowing residents to focus on other aspects of life, such as education and employment, without the burden of water scarcity or contamination issues. Additionally, the association supports public utilities programs that not only maintain infrastructure but also foster community resilience, ultimately leading to a more sustainable and thriving rural environment.




This information is meant to be a general summary of Homewood Water Association Inc. 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
$357,351 (2023)
Expenses
$318,312 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,741
  • Program Service Revenue: $355,610
  • Gross Receipts: $357,351

Assets and Liabilities:

  • Total Assets: $2,034,759
  • Total Liabilities: $660,852
  • Net Assets: $1,373,907

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Programs

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

WATER SALES AND INSTALLATIONS

Revenue

$355,610

Organization Details

Founding Year

1968

Principal Officer

David Foreman

Main Address

PO BOX 1058, FOREST, MS, 39074

NTEE Category

Code: W80 - Public benefit

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