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Devore Water Company

Not tax-deductible

Sn Bernrdno, CAMutual-benefit / member-servingEIN 95-2272783

Mutual Water Company that maintains and develops the water system for over 400 properties.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $212K a year · 36% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
27 mo
of spending, in cash
Looks good: 27.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$370K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$541K
-11% vs prior year
Spent
$596K
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$541K
FY2025▼ -11%
Revenue by fiscal year
FY2021$819K
FY2022$632K
FY2023$334K
FY2024$611K
FY2025$541K
Expenses
$596K
FY2025-0.3%
Expenses by fiscal year
FY2021$936K
FY2022$768K
FY2023$1.1M
FY2024$598K
FY2025$596K
Net assets
$2.6M
FY2025▲ +18%
Net assets by fiscal year
FY2021$2.4M
FY2022$2.2M
FY2023$1.8M
FY2024$2.2M
FY2025$2.6M

From the FY2025 Form 990 (year ending October 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
D Claflin
CFO, Secr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Mark Slobom$14,272$21,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Devore Water Company executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains and develops the water system for over 400 properties.

Provided by the organization

This section is blank until Devore Water Company claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

To supply potable water to the members

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$541K
Ln 12
Fees for servicesLn 2g$541K
Money outPt IX
$596K
Ln 25
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$3.0M
LiabilitiesLn 26$370K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$541K
Total revenueLn 12$541K
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$1K
Total assetsLn 16$3.0M
LiabilitiesLn 26$370K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$911K$1.4M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$2.6M$3.0M
LiabilitiesLn 26$401K$370K
Net assetsLn 32$2.2M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$122K
Other employee benefitsLn 9$11K
Payroll taxesLn 10$48K
Other fees for servicesLn 11g$154K
Office expensesLn 13$10K
Information technologyLn 14$10K
InterestLn 20$8K
Depreciation, depletion and amortizationLn 22$87K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$134K
Total functional expensesLn 25$596K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $541K$596K−$55K$2.6M 990 PDF
FY2024 $611K$598K$13K$2.2M 990 PDF
FY2023 $334K$1.1M−$767K$1.8M 990 PDF
FY2022 $632K$768K−$136K$2.2M 990 PDF
FY2021 $819K$936K−$117K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $540,770 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $540,770$540,770
VIII-12 Total revenueRelated to mission $540,770 · Unrelated business $0 · Excluded from tax $0$540,770
Part IX · Statement of functional expenses $595,812 across 10 lines filed
IX-7 Other salaries and wages$121,788
IX-9 Other employee benefits$10,666
IX-10 Payroll taxes$48,351
IX-11g Other fees for services$154,028
IX-13 Office expenses$9,692
IX-14 Information technology$10,470
IX-20 Interest$7,828
IX-22 Depreciation, depletion and amortization$87,114
IX-23 Insurance$11,815
IX-24 Other expenses (24a–d)$134,060
IX-25 Total functional expenses$595,812
Part X · Balance sheet $2,970,256 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $910,749$1,356,465
X-4 Accounts receivableStart of year $100,372$100,372
X-9 Prepaid expenses and deferred chargesStart of year $11,075$11,857
X-10c Land, buildings and equipment, netStart of year $1,587,676$1,500,562
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $2,610,872$2,970,256
X-17 Accounts payable and accrued expenses$15,914
X-26 Total liabilitiesStart of year $401,403$370,384
X-32 Total net assets or fund balancesStart of year $2,209,469$2,599,872
X-33 Total liabilities and net assetsStart of year $2,610,872$2,970,256
Part XI · Reconciliation of net assets $2,599,872 net assets at year end
XI-1 Total revenue$540,770
XI-2 Total expenses$595,812
XI-3 Revenue less expenses−$55,042
XI-4 Net assets at start of year$2,209,469
XI-9 Other changes in net assets$445,444
XI-10 Net assets at end of year$2,599,872

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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