Hilldale Water District Inc
- Assets
- $7.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Vicksburg, MS
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 64-0562827
Organization Overview
Hilldale Water District Inc is located in Vicksburg, MS. The organization was established in 1988. 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 12/2021, Hilldale Water District Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hilldale Water District 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 12/2021, Hilldale Water District Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 2.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OWNERSHIP, OPERATION, AND MAINTENANCE OF A RURAL WATER ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER TREATMENT AND DISTRIBUTION TO APPROXIMATELY 1,900 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moss Vice-Preside | OfficerTrustee | 2 | $3,900 |
George Hunt President | OfficerTrustee | 2 | $3,900 |
Jeff Averett Director | Trustee | 2 | $3,900 |
Mark Dortch Director | Trustee | 2 | $3,900 |
Randall Williams Director | Trustee | 2 | $3,900 |
David Downey Secretary/tr | OfficerTrustee | 2 | $3,600 |
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 | $1,468,878 |
| Investment income | $3,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,471,925 |
| 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. | $23,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $299,325 |
| Pension plan accruals and contributions | $25,716 |
| Other employee benefits | $37,223 |
| Payroll taxes | $22,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,451 |
| Advertising and promotion | $0 |
| Office expenses | $26,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367,808 |
| Insurance | $34,092 |
| All other expenses | $10,068 |
| Total functional expenses | $1,302,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,495 |
| Savings and temporary cash investments | $744,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,137 |
| Prepaid expenses and deferred charges | $21,224 |
| Net Land, buildings, and equipment | $6,412,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,623,677 |
| Accounts payable and accrued expenses | $27,664 |
| 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 | $3,064,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,476 |
| Total liabilities | $3,233,867 |
| Net assets without donor restrictions | $4,389,810 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,623,677 |
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