Walden Meadows Comm Co-Op
- Assets
- $481.4k
- Revenue
- $242.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Kirkland, AZ
- Founding
- 04/1981
- Data as of
- 12/2023
- EIN
- 86-0331319
Organization Overview
Walden Meadows Comm Co-Op is located in Kirkland, AZ. The organization was established in 1981. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Walden Meadows Comm Co-Op employed 6 individuals. This organization is the central organization for a national or regional group of organizations. Walden Meadows Comm Co-Op 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 12/2023, Walden Meadows Comm Co-Op generated $242.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $256.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WALDEN MEADOWS COMMUNITY CO-OP PROVIDES WATER SERVICES TO THE MEMBERS OF WALDEN MEADOWS COMMUNITY CO-OP IN WILHOIT ARIZONA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WATER SERVICES TO THE MEMBERS OF WALDEN MEADOWS COMMUNITY CO-OP IN WILHOIT ARIZONA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Wolff Secretary | OfficerTrustee | 0.5 | $0 |
Brian Pinney Director | OfficerTrustee | 0.25 | $0 |
Kenneth Schwartz Treasurer | OfficerTrustee | 0.25 | $0 |
Roger Ward President | OfficerTrustee | 0.5 | $0 |
Terry Williams Vice President | OfficerTrustee | 2 | $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 | $6,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500 |
| Total Program Service Revenue | $232,316 |
| Investment income | $13 |
| 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 | $242,629 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,024 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,527 |
| Advertising and promotion | $0 |
| Office expenses | $1,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,137 |
| Insurance | $8,998 |
| All other expenses | $14,280 |
| Total functional expenses | $256,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $381,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $481,351 |
| Accounts payable and accrued expenses | $177 |
| Grants payable | $0 |
| Deferred revenue | $9,489 |
| 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 | $88,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,995 |
| Total liabilities | $105,822 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $375,529 |
| Total liabilities and net assets/fund balances | $481,351 |