Hilltop Lakes Water Supply Corporation

Hilltop Lakes, TX
Tax-exempt since Oct. 2001
EIN: 76-0581606

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Category: Mutual/Membership Benefit Organizations, Other / Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations (NTEE)

Donations to this organization are not tax deductible.

Revenue

$600k (2024)

Expenses

$552k (2024)

Total Assets

$1.54M (2024)

Total Liabilities

$64.7k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$599,803

Expenses

$551,635

Net Income

$48,168

Net Assets

$1,473,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$551,915	92.0%
Investment Income	$18,423	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$29,465	4.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$217,903	39.5%

Assets/Debt
Total Assets	$1,538,128
Total Liabilities	$64,710
Net Assets	$1,473,418

Club or Co-Op Income
Income From Members	$581,380
Income From Other Sources	$18,423

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Cornelius (President)	$0	$0	$0
Brian Smith (Vice President)	$0	$0	$0
Owen Smith (Secretary/Treas)	$0	$0	$0
Bill Thornton (Member)	$0	$0	$0
William Rowe (Member)	$0	$0	$0

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990

Filed on Nov. 11, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$582,448

Expenses

$480,203

Net Income

$102,245

Net Assets

$1,426,375

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$542,914	93.2%
Investment Income	$8,205	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,714	2.7%
Net Inventory Sales	$0
Other Revenue	$15,615	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$201,473	42.0%

Assets/Debt
Total Assets	$1,538,766
Total Liabilities	$112,391
Net Assets	$1,426,375

Club or Co-Op Income
Income From Members	$558,529
Income From Other Sources	$23,919

Compensation

Key Employees and Officers	Compensation	Related	Other
Floyd Garrison (President)	$0	$0	$0
Charles Cornelius (Vice President)	$0	$0	$0
Brian Smith (Secretary/Treas)	$0	$0	$0
Owen Smith (Member)	$0	$0	$0
William Rowe (Member)	$0	$0	$0

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990

Filed on Jan. 17, 2025

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Fiscal Year Ending Dec.
2022

Revenue

$540,394

Expenses

$429,267

Net Income

$111,127

Net Assets

$1,325,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$500,976	92.7%
Investment Income	$2,117	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$37,301	6.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$193,040	45.0%

Assets/Debt
Total Assets	$1,392,893
Total Liabilities	$67,455
Net Assets	$1,325,438

Club or Co-Op Income
Income From Members	$538,277
Income From Other Sources	$2,117

Compensation

Key Employees and Officers	Compensation	Related	Other
Floyd Garrison (President)	$0	$0	$0
Charles Cornelius (Vice President)	$0	$0	$0
Brian Smith (Secretary/Treas)	$0	$0	$0
Joseph Ridgway (Member)	$0	$0	$0
Owen Smith (Member)	$0	$0	$0
William Rowe (Member)	$0	$0	$0

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990

Filed on Nov. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$440,020

Expenses

$421,010

Net Income

$19,010

Net Assets

$1,215,740

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$421,275	95.7%
Investment Income	$966	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,779	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$186,830	44.4%

Assets/Debt
Total Assets	$1,276,609
Total Liabilities	$60,869
Net Assets	$1,215,740

Club or Co-Op Income
Income From Members	$439,054
Income From Other Sources	$966

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Charles Cornelius (Vice President)	$0	$0	$0
Bryan Smith (Secretary/Treasurer)	$0	$0	$0
Gerald Cochran (Member)	$0	$0	$0
Floyd Garrison (Member)	$0	$0	$0

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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$426,398

Expenses

$402,912

Net Income

$23,486

Net Assets

$1,162,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$423,379	99.3%
Investment Income	$2,169	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$850	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$178,955	44.4%

Assets/Debt
Total Assets	$1,259,066
Total Liabilities	$96,407
Net Assets	$1,162,659

Club or Co-Op Income
Income From Members	$424,229
Income From Other Sources	$2,169

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Charles Cornelius (Vice President)	$0	$0	$0
Bryan Smith (Secretary/Treasurer)	$0	$0	$0
Gerald Cochran (Member)	$0	$0	$0
Floyd Garrison (Member)	$0	$0	$0

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990

Filed on July 29, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$414,992

Expenses

$399,017

Net Income

$15,975

Net Assets

$1,361,498

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$409,455	98.7%
Investment Income	$2,875	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,662	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$173,216	43.4%

Assets/Debt
Total Assets	$1,542,744
Total Liabilities	$181,246
Net Assets	$1,361,498

Club or Co-Op Income
Income From Members	$417,915
Income From Other Sources	$3,250

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Herman Sulliv (Vice President)	$0	$0	$0
Bill Fathke (Sec/Treas)	$0	$0	$0
Brian Smith (Member)	$0	$0	$0
David Hodges (Member)	$0	$0	$0

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990

Filed on July 15, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$409,228

Expenses

$418,892

Net Income

-$9,664

Net Assets

$1,394,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$407,378	99.5%
Investment Income	$1,850	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$163,847	39.1%

Assets/Debt
Total Assets	$1,481,066
Total Liabilities	$86,324
Net Assets	$1,394,742

Club or Co-Op Income
Income From Members	$407,378
Income From Other Sources	$1,850

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Herman Sulliv (Vice President)	$0	$0	$0
Bill Fathke (Sec/Tres)	$0	$0	$0
Brian Smith (Member)	$0	$0	$0
David Hodges (Member)	$0	$0	$0

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990

Filed on Sept. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$467,125

Expenses

$402,972

Net Income

$64,153

Net Assets

$1,459,058

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$465,836	99.7%
Investment Income	$1,289	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$153,951	38.2%

Assets/Debt
Total Assets	$1,532,440
Total Liabilities	$73,382
Net Assets	$1,459,058

Club or Co-Op Income
Income From Members	$462,361
Income From Other Sources	$631

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Herman Sulliv (Vice President)	$0	$0	$0
Bill Fathke (Sec/Tres)	$0	$0	$0
Brian Smith (Member)	$0	$0	$0
David Hodges (Member)	$0	$0	$0

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990

Filed on May 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$479,630

Expenses

$334,461

Net Income

$145,169

Net Assets

$1,389,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$478,604	99.8%
Investment Income	$1,026	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$128,478	38.4%

Assets/Debt
Total Assets	$1,479,539
Total Liabilities	$89,911
Net Assets	$1,389,628

Club or Co-Op Income
Income From Members	$478,530
Income From Other Sources	$599

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$465,147

Expenses

$415,344

Net Income

$49,803

Net Assets

$1,046,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$464,294	99.8%
Investment Income	$853	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$120,438	29.0%

Assets/Debt
Total Assets	$1,128,364
Total Liabilities	$81,858
Net Assets	$1,046,506

Club or Co-Op Income
Income From Members	$464,294
Income From Other Sources	$853

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Herman Sullivan (Vice President)	$0	$0	$0
Bill Fathke (Sec/Tres)	$0	$0	$0
Brian Smith (Member)	$0	$0	$0
David Hodges (Member)	$0	$0	$0

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990

Filed on June 2, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$463,019

Expenses

$384,638

Net Income

$78,381

Net Assets

$996,703

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$461,489	99.7%
Investment Income	$1,530	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,341	26.6%

Assets/Debt
Total Assets	$1,068,182
Total Liabilities	$71,479
Net Assets	$996,703

Club or Co-Op Income
Income From Members	$461,489
Income From Other Sources	$1,530

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (President)	$0	$0	$0
Herman Sullivan (Vice President)	$0	$0	$0
Bill Fathke (Sec/Tres)	$0	$0	$0
Pete Pappas (Director)	$0	$0	$0
Brian Smith (Director)	$0	$0	$0

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990

Filed on May 8, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$466,088

Expenses

$376,939

Net Income

$89,149

Net Assets

$1,430,193

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$465,495	99.9%
Investment Income	$593	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$112,723	29.9%

Assets/Debt
Total Assets	$1,489,531
Total Liabilities	$59,338
Net Assets	$1,430,193

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Thornton (Pres)	$0	$0	$0
Bill Fathke (Secretarytreasurer)	$0	$0	$0
Herman Sullivan (Vice President)	$0	$0	$0
Brian Smith (Dir)	$0	$0	$0
Pete Pappas (Dir)	$0	$0	$0

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990

Filed on Aug. 8, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$436,917

Expenses

$389,019

Net Income

$47,898

Net Assets

$1,341,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$436,917	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$119,792	30.8%

Assets/Debt
Total Assets	$1,397,063
Total Liabilities	$56,019
Net Assets	$1,341,044

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$919

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$521,328

Expenses

$402,866

Net Income

$118,462

Net Assets

$1,293,146

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$520,005	99.7%
Investment Income	$1,323	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$122,161	30.3%

Assets/Debt
Total Assets	$1,360,235
Total Liabilities	$67,089
Net Assets	$1,293,146

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$1,323

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Hilltop Lakes Water Supply Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $600k (2024)

Expenses $552k (2024)

Total Assets $1.54M (2024)

Total Liabilities $64.7k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$600k (2024)

Expenses

$552k (2024)

Total Assets

$1.54M (2024)

Total Liabilities

$64.7k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004