Nonprofit · EIN 64-0508855
HOMEWOOD WATER ASSOCIATION
Tax-exempt · FOREST, MS 39074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990 | $404,362 | $393,259 | $11,103 | $1,900,329 | $390,344 | $1,509,985 |
| May 31, 2025 | 990 | $395,618 | $336,377 | $59,241 | $1,984,556 | $485,674 | $1,498,882 |
| May 31, 2024 | 990 | $398,313 | $332,579 | $65,734 | $2,017,109 | $577,468 | $1,439,641 |
Financial details: 990 for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $397,798
- Investment income
- $6,564
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $18,884
- Salaries, compensation and benefits (total)
- $20,504
- Professional fundraising fees
- $0
- Accounting fees
- $3,205
- Depreciation
- $110,234
- Program services (functional)
- $366,754
- Management and general (functional)
- $26,505
Balance sheet and other
- Total assets, start of year
- $1,984,556
- Total assets, end of year
- $1,900,329
- Total liabilities, end of year
- $390,344
- Net assets, end of year
- $1,509,985
- Land, buildings and equipment
- $1,440,631
- Net assets without donor restrictions
- $1,509,985
- Gross receipts
- $404,362
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN SOREY | SECRETARY Officer, Highest-paid employee | 20 | $15,184 |
| DAVID FOREMAN | PRESIDENT Trustee or director, Officer | 3 | $1,200 |
| JOHN ANDERSON | VICE-PRESIDENT Trustee or director, Officer | 2 | $800 |
| JAMES WASH | DIRECTOR Trustee or director | 1 | $450 |
| MIKE SANDERS | DIRECTOR Trustee or director | 1 | $400 |
| LONNIE GRAY | DIRECTOR Trustee or director | 1 | $400 |
| JAMES HILL | DIRECTOR Trustee or director | 1 | $350 |
| MIKE GIBSON | DIRECTOR Former | 1 | $50 |
| ALFRED HATHCOCK | DIRECTOR Officer | 1 | $50 |
990 for the year ended May 31, 2025: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN SOREY | SECRETARY Officer, Highest-paid employee | 20 | $15,056 |
| DAVID FOREMAN | PRESIDENT Trustee or director, Officer | 3 | $1,200 |
| JOHN ANDERSON | VICE-PRESIDENT Trustee or director, Officer | 2 | $900 |
| JAMES HILL | DIRECTOR Trustee or director | 1 | $450 |
| JAMES WASH | DIRECTOR Trustee or director | 1 | $450 |
| LONNIE GRAY | DIRECTOR Trustee or director | 1 | $400 |
| MIKE GIBSON | DIRECTOR Officer | 1 | $400 |
| MIKE SANDERS | DIRECTOR Trustee or director | 1 | $250 |
990 for the year ended May 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN SOREY | SECRETARY Officer, Highest-paid employee | 20 | $16,410 |
| DAVID FOREMAN | PRESIDENT Trustee or director, Officer | 3 | $1,350 |
| JOHN ANDERSON | VICE-PRESIDENT Trustee or director, Officer | 2 | $700 |
| JAMES HILL | DIRECTOR Trustee or director | 1 | $450 |
| JAMES WASH | DIRECTOR Trustee or director | 1 | $450 |
| MIKE GIBSON | DIRECTOR Officer | 1 | $450 |
| MIKE SANDERS | DIRECTOR Trustee or director | 1 | $350 |
| LONNIE GRAY | DIRECTOR Trustee or director | 1 | $350 |
Address and contacts
- Address (IRS master file)
- PO BOX 1058, FOREST, MS 39074-1058
- Principal officer (990 for 2025)
- DAVID FOREMAN, 93 WINDHAM ROAD, FOREST, MS 39074
- Signed the 990
- DAVID FOREMAN, PRESIDENT
- Phone
- (601) 536-3269
- Return prepared by
- PRICE & CO PA
Mission
PROVIDE WATER TO RURAL COMMUNITY
Program accomplishments
- WATER SALES TO RURAL RESIDENTS-710 SERVED
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990 on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0508855
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $1,900,329
- Income (IRS master file)
- $404,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2026 | $404,362 | $393,259 | $1,900,329 | XML |
| 990 | May 2025 | $395,618 | $336,377 | $1,984,556 | XML |
| 990 | May 2024 | $398,313 | $332,579 | $2,017,109 | XML |
| 990 | May 2023 | $357,351 | $318,312 | $2,034,759 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 64-0508855).
Questions about HOMEWOOD WATER ASSOCIATION
- What is the EIN of HOMEWOOD WATER ASSOCIATION?
- The employer identification number (EIN) of HOMEWOOD WATER ASSOCIATION is 64-0508855.
- Is HOMEWOOD WATER ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2002.
- Are donations to HOMEWOOD WATER ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOMEWOOD WATER ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOMEWOOD WATER ASSOCIATION due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMEWOOD WATER ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2026.
- Who is the principal officer of HOMEWOOD WATER ASSOCIATION?
- The 990 for the year ended May 31, 2026 names DAVID FOREMAN.
- Who are the officers and directors of HOMEWOOD WATER ASSOCIATION?
- The 990 for the year ended May 31, 2026 lists 9 people; 9 received compensation from the organization, the highest $15,184 (SUSAN SOREY, SECRETARY).
- How much revenue does HOMEWOOD WATER ASSOCIATION have?
- On its 990 for the year ended May 31, 2026 it reported revenue of $404,362, expenses of $393,259 and total assets of $1,900,329 at year end.
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All nonprofits in FOREST · Mississippi · Public and societal benefit