Overview
What is Valencia Heights Water Company?
Valencia Heights Water Company, established in 1912, is a California-based nonprofit corporation located in West Covina. Its primary purpose is to supply water services to its members, benefiting various areas within the city of Covina and its surrounding regions, including West Covina and parts of the unincorporated area. The company operates as a mutual water organization, providing essential water resources to its stockholder-members. With a dedicated workforce of seven individuals, Valencia Heights Water Company continues to fulfill its mission of delivering water services to its community.
Official website here: www.vhwc.org/
Is Valencia Heights Water Company legitimate?
Valencia Heights Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Valencia Heights 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: $295,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $468,202
For more financial information, click here
Official website here: www.vhwc.org/
What is the mission statement of Valencia Heights Water Company?
Valencia Heights Water Company, established in 1912 as a non-profit organization, serves the purpose of providing water services to its members. Originating as a mutual water company, it operates in portions of an unincorporated area, Covina, and West Covina. Incorporated in California as a California nonprofit corporation, Valencia Heights Water Company's primary objective is to offer water services for the benefit and use of its stockholding members. The company's activities encompass the provision of essential water services to the communities it serves.
Official website here: www.vhwc.org/
Who is the CEO of Valencia Heights Water Company?
P David Michalko is the Treasurer (Term End 04/14/22) of Valencia Heights Water Company.
Official website here: www.vhwc.org/
What is the revenue of Valencia Heights Water Company?
Valencia Heights Water Company's revenue in 2022 was $3,276,450.
Official website here: www.vhwc.org/
Who are the executives of Valencia Heights Water Company and what are their salaries?
The average compensation at Valencia Heights Water Company during 2022 was $109,064. There are 7 employees at Valencia Heights Water Company.
Here are 11 key members and their salaries:
- Compensation: $11,520
- Related: $0
- Other: $0
- Compensation: $4,220
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,120
- Related: $0
- Other: $0
- Compensation: $3,120
- Related: $0
- Other: $0
- Compensation: $3,120
- Related: $0
- Other: $0
- Compensation: $2,880
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $213,069
- Related: $0
- Other: $48,064
- Compensation: $120,820
- Related: $0
- Other: $29,610
- Compensation: $105,389
- Related: $0
- Other: $12,075
Official website here: www.vhwc.org/
Where can I find the form 990 for Valencia Heights Water Company?
Valencia Heights Water Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhwc.org/
Learn more at the official website: www.vhwc.org/
Mission Statement of Valencia Heights Water Company
Valencia Heights Water Company, established in 1912, is a mutually owned water service provider that operates as a non-profit organization. Its primary mission is to cater to the water needs of its members, providing essential services to portions of the unincorporated area of Covina, in addition to parts of the cities of Covina and West Covina. This California-incorporated company, functioning as a California nonprofit corporation, was set up with the goal of supplying water services for the benefit and use of its members. The members of Valencia Heights Water Company, who receive these services, also hold shares in the company, further emphasizing its mutual status.
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Impact
October, 2024
Valencia Heights Water Company plays a crucial role in ensuring access to reliable and clean water for residents in portions of Covina and West Covina. Established in 1912, this mutual water company serves both the unincorporated areas and the cities, directly impacting the quality of life for its members who are also stockholders.
By providing essential water services, VHWC supports the health and well-being of the community, facilitating everyday activities such as drinking, cooking, and sanitation. The company's operations contribute to local infrastructure stability and environmental sustainability through responsible water management practices. Furthermore, as members are stakeholders, there is a vested interest in maintaining high service standards and addressing community needs effectively.
Overall, Valencia Heights Water Company's longstanding commitment to water service provision fosters community well-being, supports public health, and encourages a collaborative stewardship model among its membership.
This information is meant to be a general summary of Valencia Heights 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $135,062
- Program Service Revenue: $3,074,598
- Gross Receipts: $3,758,913
Assets and Liabilities:
- Total Assets: $15,094,983
- Total Liabilities: $2,280,153
- Net Assets: $12,814,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES AND SERVIC
Revenue
$3,051,755
CONNECTION CHARGES
Revenue
$22,843
Organization Details
Founding Year
1912
Phone
(626) 332-8935Principal Officer
P David Michalko
Main Address
3009 E VIRGINIA AVENUE, WEST COVINA, CA, 91791
Website
www.vhwc.org/NTEE Category
Code: W80 - Public benefit
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