Overview
What is New Hope Water Corporation?
New Hope Water Corporation is a nonprofit organization situated in Lenore, Idaho, specifically at 701 New Hope Loop Road. Established with the primary objective of ensuring a safe water supply for the residents of New Hope Subdivision, the organization operates similarly to a city or water district. The organization bills its members monthly for water usage, and it is responsible for maintaining the water system. The organization's mission extends beyond the subdivision, aiming to provide a safe and consistent water supply to regional residents as well.
Is New Hope Water Corporation legitimate?
New Hope Water Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. New Hope Water 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.
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What is the mission statement of New Hope Water Corporation?
New Hope Water Corporation, as an organization, is committed to ensuring the members of a specific subdivision and other regional residents have access to a safe and reliable water supply. This mission is achieved by providing a consistent water supply and billing its members monthly for water usage, similar to a city or water district. The organization is responsible for maintaining the water system, ensuring the safety and reliability of the water supply for its members.
Who is the CEO of New Hope Water Corporation?
Richard Monaghan is the Vice Preside of New Hope Water Corporation.
What is the revenue of New Hope Water Corporation?
New Hope Water Corporation's revenue in 2022 was $58,680.
Who are the executives of New Hope Water Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for New Hope Water Corporation?
New Hope Water Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hope Water Corporation
New Hope Water Corporation, a community-focused organization, is dedicated to ensuring the members of New Hope Subdivision and other regional residents have access to a safe and consistent water supply. The organization's mission is centered around providing a reliable source of water that adheres to safety standards. To accomplish this, New Hope Water Corporation bills its members monthly for water usage, much like a city or water district. The organization is also responsible for maintaining the water system, ensuring it functions efficiently and effectively, thereby providing a continuous supply of safe water to its community.
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Impact
October, 2024
New Hope Water Corporation plays a crucial role in ensuring that the residents of New Hope Subdivision and the surrounding community in Lenore, Idaho, have access to a safe and reliable water supply. By managing the water delivery system, the organization not only provides essential resources to its members but also fosters a sense of community responsibility and cooperation among residents.
The monthly billing for water usage, akin to that of a municipal service, ensures a systematic funding model that supports the ongoing maintenance and operation of the water supply infrastructure. This consistent service contributes to public health and enhances the quality of life for residents by safeguarding their access to clean water, which is vital for everyday activities such as drinking, cooking, and sanitation.
In addition to delivering this essential resource, New Hope Water Corporation exemplifies community engagement and mutual benefit, making it an indispensable part of the social and environmental fabric of the region. Its commitment to maintaining a dependable water system reflects a dedication to the well-being of its members and the broader community, allowing for sustainable living and fostering a secure environment for future generations.
This information is meant to be a general summary of New Hope Water 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.
- Program Service Revenue: $56,867
- Gross Receipts: $58,680
Assets and Liabilities:
- Total Assets: $944,701
- Total Liabilities: $319,439
- Net Assets: $625,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES INCOME
Revenue
$50,726
WATER SERVICES
Revenue
$6,000
REFUND ON WATER ACCOUNT
Revenue
$141
Organization Details
Founding Year
1980
Phone
(208) 827-0954Principal Officer
Richard Monaghan
Main Address
701 NEW HOPE LOOP RD, LENORE, ID, 83541
NTEE Category
Code: Y22 - Mutual benefit
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