Devore Water Company FY2021 filing

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.

85¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$307K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 9 voting members
Looks good: 10 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
$819K
Spent
$936K
To programs
85%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$819K
FY2021
Revenue by fiscal year
FY2021$819K
FY2022$632K
FY2023$334K
FY2024$611K
FY2025$541K
Expenses
$936K
FY2021
Expenses by fiscal year
FY2021$936K
FY2022$768K
FY2023$1.1M
FY2024$598K
FY2025$596K
Net assets
$2.4M
FY2021
Net assets by fiscal year
FY2021$2.4M
FY2022$2.2M
FY2023$1.8M
FY2024$2.2M
FY2025$2.6M

From the FY2021 Form 990 (year ending October 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $794K Management & general 13% · $121K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$21,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$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 account for $794K of program spending, described in the organization's own filed words · FY2020.
01

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

$794Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$819K
Ln 12
Fees for servicesLn 2g$819K
Investment incomeLn 3$138
Money outPt IX
$936K
Ln 25
Programscol B$794K
Managementcol C$121K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$995K
Total assetsLn 16$2.7M
LiabilitiesLn 26$307K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$819K
Investment incomeLn 3$138
Gains on assetsLn 7$0
Total revenueLn 12$819K
Assets in detailPt X, end of year
CashLn 1$952K
SavingsLn 2$43K
Cash and savings togetherLn 1–2$995K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$0
Total assetsLn 16$2.7M
LiabilitiesLn 26$307K
Net assetsLn 32$2.4M
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 FY21End FY21
Cash and savingsLn 1–2$730K$995K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$2.5M$2.7M
LiabilitiesLn 26$32K$307K
Net assetsLn 32$2.5M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$22K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$151K$100K$51K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$12K$12K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$448K$439K$9K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$3K$2K$714
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$96K$96K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$123K$93K$30K
All other expensesLn 24e$65K$46K$18K
Total functional expensesLn 25$936K$794K$121K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $819,156 across 8 lines filed
Lines not itemized here account for $1,346 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $817,672$817,672
VIII-3 Investment incomeRelated to mission $138$138
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $819,156$819,156
Part IX · Statement of functional expenses $936,300 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$21,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $99,818 · Management $51,069$150,887
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $11,850$11,850
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $438,705 · Management $8,818$447,523
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,500$2,500
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $2,142 · Management $714$2,856
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $95,819$95,819
IX-23 InsurancePrograms $15,636$15,636
IX-24 Other expenses (24a–d)Programs $93,009 · Management $30,000$123,009
IX-24e All other expensesPrograms $46,328 · Management $18,392$64,720
IX-25 Total functional expensesPrograms $793,957 · Management $120,843 · Fundraising $0$936,300
Part X · Balance sheet $2,682,300 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $687,221$952,130
X-2 Savings and temporary cash investmentsStart of year $42,700$42,767
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $129,065$117,125
X-8 Inventories for sale or useStart of year $1,000$1,000
X-9 Prepaid expenses and deferred chargesStart of year $4,589$5,154
X-10c Land, buildings and equipment, netStart of year $1,659,946$1,564,124
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,524,521$2,682,300
X-17 Accounts payable and accrued expensesStart of year $7,685$59,206
X-26 Total liabilitiesStart of year $31,914$306,837
X-27 Net assets without donor restrictionsStart of year $2,492,607$2,375,463
X-32 Total net assets or fund balancesStart of year $2,492,607$2,375,463
X-33 Total liabilities and net assetsStart of year $2,524,521$2,682,300
Part XI · Reconciliation of net assets $2,375,463 net assets at year end
XI-1 Total revenue$819,156
XI-2 Total expenses$936,300
XI-3 Revenue less expenses−$117,144
XI-4 Net assets at start of year$2,492,607
XI-10 Net assets at end of year$2,375,463

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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