Overview
What is Valley Of The Moon Water District Financing Corporation?
Valley Of The Moon Water District Financing Corporation is a nonprofit entity established to assist the Valley of the Moon Water District, a governmental entity based in El Verano, California. The Financing Corporation's primary function is to issue debt, acting as a financial intermediary. It received a loan (a Certificate of Participation) through a local bank, which it then lent to the Valley of the Moon Water District. This financial support is likely used for the district's infrastructure development, operations, or other necessary expenses. The Financing Corporation's role is crucial in supporting the water district's financial needs, ensuring the continued provision of water services to its community.
Is Valley Of The Moon Water District Financing Corporation legitimate?
Valley Of The Moon Water District Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Valley Of The Moon Water District Financing Corporation 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:
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Other Salaries and Wages: $0
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What is the mission statement of Valley Of The Moon Water District Financing Corporation?
The Valley of the Moon Water District Financing Corporation was established with a specific purpose: to issue debt on behalf of the Valley of the Moon Water District, a governmental entity. The primary role of this financing corporation is to obtain a loan, in the form of a Certificate of Participation, through a local bank. Subsequently, these funds are then lent to the Valley of the Moon Water District, a government special district. This financial assistance aids the water district in meeting its operational needs and fulfilling its responsibilities towards the community it serves.
Who is the CEO of Valley Of The Moon Water District Financing Corporation?
Steve Rogers is the Director of Valley Of The Moon Water District Financing Corporation.
What is the revenue of Valley Of The Moon Water District Financing Corporation?
Valley Of The Moon Water District Financing Corporation's revenue in 2022 was $8,217.
Who are the executives of Valley Of The Moon Water District Financing Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Valley Of The Moon Water District Financing Corporation?
Valley Of The Moon Water District Financing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Valley Of The Moon Water District Financing Corporation
The Valley of the Moon Water District Financing Corporation was established with a specific mission. This organization was created to issue debt on behalf of the Valley of the Moon Water District, a governmental entity. In simpler terms, the Financing Corporation serves as a financial intermediary, issuing bonds or loans to support the Water District's operations and projects.
To fulfill this mission, the Financing Corporation secured a loan, known as a Certificate of Participation, through its local bank. This loan was then passed on to the Valley of the Moon Water District, a special district that provides essential water services to its community. By doing so, the Financing Corporation helps the Water District to finance its operations and infrastructure projects, ensuring a reliable supply of water to its constituents.
In essence, the mission of the Valley of the Moon Water District Financing Corporation is to act as a financial support system for its affiliated Water District. It accomplishes this by issuing debt and providing funds, thereby enabling the Water District to deliver essential water services to its community. This collaboration between the Financing Corporation and the Water District is crucial for maintaining the water infrastructure and ensuring the continued well-being of the community.
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Impact
October, 2024
The Valley Of The Moon Water District Financing Corporation plays a crucial role in supporting the financial framework of the Valley of the Moon Water District. By issuing debt through mechanisms such as certificates of participation, it facilitates access to necessary funding for the governmental entity. This financial structure enables the water district to maintain, upgrade, and expand its infrastructure, ensuring reliable water services for the community in El Verano, California. The funding provided allows for critical projects that support public benefit, improving water quality and accessibility for residents. Overall, the financing corporation's impact is significant in sustaining and enhancing essential services within the region.
This information is meant to be a general summary of Valley Of The Moon Water District Financing Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,217
- Gross Receipts: $8,217
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(707) 996-1037Principal Officer
Steve Rogers
Main Address
PO BOX 280, EL VERANO, CA, 95433
NTEE Category
Code: W80 - Public benefit
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