Civic Intelligence

Homestead Water Company

EIN 47-2650718 • 501(c)12 • Evergreen, CO

Profile

The company is a mutual water company established for the purpose of providing water service to and for the benefit of its members in accordance with 26 usc cs 501(c)(12).

6949 Hwy 73 15Evergreen, CO 80439

www.hch20.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.06x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.25x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

31%

Higher net margin than 83% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$118,511

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Asset Growth

22nd percentile

-3.0%

Faster asset growth than 22% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,986,164

Down $93,830 (-3.0%) from 2023

Liabilities

Down

$188,250

Down $543,434 (-74%) from 2023

Net Assets

Up

$2,797,914

Up $449,604 (+19%) from 2023

Revenue

Up

$767,005

Up $136,219 (+22%) from 2023

Expenses

Up

$526,901

Up $109,034 (+26%) from 2023

Net Income

Up

$240,104

Up $27,185 (+13%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $315,117Liabilities 2015: $244,224Net Assets 2015: $70,8932015Assets 2016: $657,095Liabilities 2016: $463,671Net Assets 2016: $193,4242016Assets 2017: $704,914Liabilities 2017: $233,320Net Assets 2017: $471,5942017Assets 2018: $780,624Liabilities 2018: $208,881Net Assets 2018: $571,7432018Assets 2019: $955,811Liabilities 2019: $182,524Net Assets 2019: $773,2872019Assets 2020: $1,239,411Liabilities 2020: $227,749Net Assets 2020: $1,011,6622020Assets 2021: $1,526,656Liabilities 2021: $32,170Net Assets 2021: $1,494,4862021Assets 2022: $2,191,934Liabilities 2022: $253,543Net Assets 2022: $1,938,3912022Assets 2023: $3,079,994Liabilities 2023: $731,684Net Assets 2023: $2,348,3102023Assets 2024: $2,986,164Liabilities 2024: $188,250Net Assets 2024: $2,797,9142024

Highlighted filing

2024

Assets$2,986,164
Liabilities$188,250
Net Assets$2,797,914

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $306,374Expenses 2015: $235,481Net Income 2015: $70,8932015Revenue 2016: $428,269Expenses 2016: $305,738Net Income 2016: $122,5312016Revenue 2017: $316,449Expenses 2017: $371,049Net Income 2017: -$54,6002017Revenue 2018: $354,845Expenses 2018: $376,194Net Income 2018: -$21,3492018Revenue 2019: $506,559Expenses 2019: $456,654Net Income 2019: $49,9052019Revenue 2020: $462,038Expenses 2020: $425,476Net Income 2020: $36,5622020Revenue 2021: $677,881Expenses 2021: $470,259Net Income 2021: $207,6222021Revenue 2022: $597,852Expenses 2022: $385,128Net Income 2022: $212,7242022Revenue 2023: $630,786Expenses 2023: $417,867Net Income 2023: $212,9192023Revenue 2024: $767,005Expenses 2024: $526,901Net Income 2024: $240,1042024

Highlighted filing

2024

Revenue$767,005
Expenses$526,901
Net Income$240,104

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 25, 2025
Return Version
2024v5.2
Gross Receipts
$767,005
Mission and Program Overview

Mission

The company is a mutual water company established for the purpose of providing water service to and for the benefit of its members in accordance with 26 usc cs 501(c)(12).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,009,112$2,032,243▲ $23,131
Savings and Temporary Cash Investments$400,846$552,404▲ $151,558
Cash and Non-Interest-Bearing Accounts$630,840$360,753▼ $270,087
Intangible Assets$32,191$14,018▼ $18,173
Accounts Receivable$7,004$13,381▲ $6,377
Inventories for Sale or Use-$13,365-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,079,994$2,986,164▼ $93,830
Other Assets Total$1$0▼ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$563,780--
Other Liabilities$169,894$187,374▲ $17,480
Accounts Payable and Accrued Expenses$-1,990$876▲ $2,866
Total Liabilities$731,684$188,250▼ $543,434
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,650,626$1,860,126▲ $209,500
Net Assets Without Donor Restrictions$697,684$937,788▲ $240,104
Total Net Assets Fund Balance$2,348,310$2,797,914▲ $449,604
Total Liabilities and Net Assets / Fund Balance$3,079,994$2,986,164▼ $93,830

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,200,666$127,892$1,328,558
Buildings$804,863$107,586$912,449
Equipment$23,095$194,608$217,703
Other Land Buildings-$3,830$3,830
Land$3,619-$3,619
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Norman S LewisPresident & GMFT$118,511$118,511
Lance HancheyBoard MemberPT$34,587$34,587
Craig ChounTreasurerPT$6,823$6,823
Joseph MuscaVice PresidentPT$5,591$5,591

Board Members and Trustees

NameTitle
Gary BurchBoard Member
Kathy WhiteBoard Member
Matthew TaberBoard Member
Mark HassemanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$730,955
Investment Income
$31,625
Other Revenue
$4,425
Change in Net Assets
$240,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,350
Salaries, Compensation, and Employee Benefits$219,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$165,512--$165,512
Depreciation Depletion$95,455--$95,455
Other Salaries and Wages$37,225--$37,225
Occupancy$24,873--$24,873
Insurance$24,154--$24,154
Payroll Taxes$16,814--$16,814
Interest$13,778--$13,778
Other Expenses$11,125--$11,125
Office Expenses$6,987--$6,987
Fees for Services Other$6,459--$6,459
All Other Expenses$5,454--$5,454
Fees for Services Accounting$2,998--$2,998
Fees for Services Legal$613--$613
Conferences and Meetings$85--$85
Total Functional Expenses$526,901$0$0$526,901
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rebate Due-cragmont Land$112,000
Rebate Due-terra$60,000
Unearned Income-escrow$10,524
Payroll Liabilites$4,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a mutual company and the members of the mutual company are the tap holders. Members are voting members for the purpose of electing the board of directors only and have no ownership in the company's assets.

Form 990, Part VI, Section B, Line 11B

Each member of the board of directors receives a copy of form 990 to review followed by the entire board of directors approving the form 990 prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Board members and operations personnel continuously monitor and report any percieved or in fact conflicts of interest to all members.

Form 990, Part VI, Section B, Line 15A

Board of directors determine compensation

Form 990, Part VI, Section C, Line 19

No other documents are available to the public

Filing and Contact Details

Filer

Filer Name
Homestead Water Company
EIN
47-2650718
Phone
3036707146
Address
6949 HWY 73 15, EVERGREEN, CO 80439

Signing Officer

Name
Norman S Lewis
Title
President & Gm
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
4
Employees
6
Volunteers
8

Preparer

Firm
High Country Professional Accounting LLC
Address
555 Breeze St, Craig, CO 81625
Preparer
Pam Taylor CPA
Phone
9708261400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Member tap fees = $209500

Raw XML AppendixShowing 400 of 405 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037225
IRS990/OtherSalariesAndWagesGrp/TotalAmt037225
IRS990/OtherSourcesGrossIncomeAmt036050
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt016814
IRS990/PayrollTaxesGrp/TotalAmt016814
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES AND ASSES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0730955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0730955
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt017530
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0169681
IRS990/PYOtherRevenueAmt01150
IRS990/PYProgramServiceRevenueAmt0612106
IRS990/PYRevenuesLessExpensesAmt0212919
IRS990/PYSalariesCompEmpBnftPaidAmt0248186
IRS990/PYTotalExpensesAmt0417867
IRS990/PYTotalRevenueAmt0630786
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0240104
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0730955
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0400846
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0552404
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0804863
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0107586
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0912449
IRS990ScheduleD/EquipmentGrp/BookValueAmt023095
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0194608
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0217703
IRS990ScheduleD/LandGrp/BookValueAmt03619
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03619
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01200666
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0127892
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01328558
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03830
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1112000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt260000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REBATE DUE-CRAGMONT LAND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REBATE DUE-TERRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3UNEARNED INCOME-ESCROW
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02032243
IRS990ScheduleD/TotalLiabilityAmt0187374
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A MUTUAL COMPANY AND THE MEMBERS OF THE MUTUAL COMPANY ARE THE TAP HOLDERS. MEMBERS ARE VOTING MEMBERS FOR THE PURPOSE OF ELECTING THE BOARD OF DIRECTORS ONLY AND HAVE NO OWNERSHIP IN THE COMPANY'S ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES A COPY OF FORM 990 TO REVIEW FOLLOWED BY THE ENTIRE BOARD OF DIRECTORS APPROVING THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND OPERATIONS PERSONNEL CONTINUOUSLY MONITOR AND REPORT ANY PERCIEVED OR IN FACT CONFLICTS OF INTEREST TO ALL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS DETERMINE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBER TAP FEES = $209500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03079994
IRS990/TotalAssetsEOYAmt02986164
IRS990/TotalAssetsGrp/BOYAmt03079994
IRS990/TotalAssetsGrp/EOYAmt02986164
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0526901
IRS990/TotalFunctionalExpensesGrp/TotalAmt0526901
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0731684
IRS990/TotalLiabilitiesEOYAmt0188250
IRS990/TotalLiabilitiesGrp/BOYAmt0731684
IRS990/TotalLiabilitiesGrp/EOYAmt0188250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02348310
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02797914
IRS990/TotalProgramServiceExpensesAmt0511806
IRS990/TotalProgramServiceRevenueAmt0730955
IRS990/TotalReportableCompFromOrgAmt0165512
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0767005
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0767005
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03079994
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02986164
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06949 HWY 73 15
IRS990/USAddress/CityNm0EVERGREEN
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080439
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://www.hch20.com/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NORMAN S LEWIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & GM
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOMESTEAD WATER COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0472650718
ReturnHeader/Filer/PhoneNum03036707146
ReturnHeader/Filer/USAddress/AddressLine1Txt06949 HWY 73 15
ReturnHeader/Filer/USAddress/CityNm0EVERGREEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080439
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861263352
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0High Country Professional Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 Breeze St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Craig
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081625
ReturnHeader/PreparerPersonGrp/PhoneNum09708261400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAM TAYLOR CPA

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