Hudson Water Works Inc
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $57.9k
- Employees
- 14
- Location
- Hudson, FL
- Founding
- 03/1975
- Data as of
- 10/2022
- EIN
- 59-1382465
Organization Overview
Hudson Water Works Inc is located in Hudson, FL. The organization was established in 1975. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 10/2022, Hudson Water Works Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Water Works Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 10/2022, Hudson Water Works Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.9m during the year ending 10/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF WATER TO CO-OP MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERATIVE UTILITY COMPANY PROVIDING WATER SERVICE TO 2,558 CUSTOMERS. EACH CUSTOMER IS AN OWNER OF THE COOPERATIVE, BY VIRTUE OF PAYING THE CONNECTION FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Durwood Horak Utilities Di | Officer | 40 | $210,596 |
Ronnie Hatcher Vice Preside | OfficerTrustee | 1 | $0 |
Lydia Hicks Secretary | OfficerTrustee | 1 | $0 |
Paula Robinson Treasurer | OfficerTrustee | 1 | $0 |
Mickey Holoday President | OfficerTrustee | 1 | $0 |
Tom Mattix Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $6,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,828,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,596 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,785 |
| Pension plan accruals and contributions | $34,743 |
| Other employee benefits | $13,069 |
| Payroll taxes | $55,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,511 |
| Fees for services: Accounting | $37,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,137 |
| Advertising and promotion | $0 |
| Office expenses | $42,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,910 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,261 |
| Insurance | $211,883 |
| All other expenses | $65,321 |
| Total functional expenses | $1,888,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,226,525 |
| Savings and temporary cash investments | $160,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,865 |
| Prepaid expenses and deferred charges | $11,469 |
| Net Land, buildings, and equipment | $3,107,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,867 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,000 |
| Total assets | $4,859,486 |
| Accounts payable and accrued expenses | $35,711 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $642,321 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $259,326 |
| Total liabilities | $937,358 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,285,265 |
| Retained earnings, endowment, accumulated income, or other funds | $2,636,863 |
| Total liabilities and net assets/fund balances | $4,859,486 |
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