Riverside Highland Water Company
- Assets
- $54.5m
- Revenue
- $6.0m
- Investments
- $9.8m
- Employees
- 13
- Location
- Grand Terrace, CA
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 95-1154700
Organization Overview
Riverside Highland Water Company is located in Grand Terrace, CA. The organization was established in 1994. 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 12/2023, Riverside Highland Water Company employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Highland Water Company 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, Riverside Highland Water Company generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL WATER COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICES TO LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcnaboe President | OfficerTrustee | 2 | $3,800 |
Bryan Hegardt Director | OfficerTrustee | 2 | $0 |
Donald J Larkin Jr Secretary/cfo | OfficerTrustee | 2 | $4,400 |
Gilbert Rangel Director | Trustee | 2 | $2,750 |
Jennifer Thompson Vice President | Trustee | 2 | $3,350 |
Denis Kidd Director | Trustee | 2 | $2,750 |
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 | $5,292,585 |
| Investment income | $320,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,700 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,953,474 |
| 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. | $1,101,951 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,759 |
| Pension plan accruals and contributions | $90,732 |
| Other employee benefits | $117,588 |
| Payroll taxes | $116,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,820 |
| Fees for services: Accounting | $130,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,500 |
| Advertising and promotion | $0 |
| Office expenses | $65,488 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,556,793 |
| Insurance | $0 |
| All other expenses | $128,774 |
| Total functional expenses | $5,535,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,221 |
| Savings and temporary cash investments | $198,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $806,102 |
| 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 | $35,774 |
| Net Land, buildings, and equipment | $40,789,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,838,004 |
| Investments—program-related | $0 |
| Intangible assets | $1,270,111 |
| Other assets | $1,420,097 |
| Total assets | $54,491,240 |
| Accounts payable and accrued expenses | $707,786 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,599,145 |
| Total liabilities | $3,306,931 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $190,260 |
| Paid-in or capital surplus, or land, building, or equipment fund | $292,173 |
| Retained earnings, endowment, accumulated income, or other funds | $50,701,876 |
| Total liabilities and net assets/fund balances | $54,491,240 |