Valencia Heights Water Co

Organization Overview

Valencia Heights Water Co is located in West Covina, CA. The organization was established in 1938. 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 10/2023, Valencia Heights Water Co employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valencia Heights Water Co 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 10/2023, Valencia Heights Water Co generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.3m during the year ending 10/2023. While expenses have increased by 3.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

A WATER COMPANY THAT PROVIDES WATER SERVICE TO PORTIONS OF THE CITY OF COVINA, AND WEST COVINA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VALENCIA HEIGHTS WATER COMPANY WAS INCORPORATED IN THE STATE OF CALIFORNIA IN 1912, AS A CALIFORNIA NONPROFIT CORPORATION FOR THE PURPOSE OF FURNISHING WATER SERVICES FOR THE BENEFIT AND USE OF ITS MEMBERS. VALENCIA HEIGHTS WATER COMPANY (VHWC) PROVIDES WATER SERVICE TO PORTIONS OF THE UNINCORPORATED AREA OF COVINA, THE CITY OF COVINA, AND WEST COVINA. MEMBERS RECEIVING WATER SERVICES ARE ALSO STOCKHOLDERS IN THE COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
Ronald Wheeler
Board Member Term End 7/2022
$4,980
Daniel Liese
Vice Chairman
$3,660
Robert Ghirelli
Secretary
$3,120
John Ackerboom
Treasurer
$3,040
Sylvia Beltran
Chairwoman
$2,820
Dr Sergio Hernandez
Board Member
$2,640

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$3,181,241
Investment income $93,110
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $77,935
Net Gain/Loss on Asset Sales -$11,861
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,341,150

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