H O V E Road Maintenance Corp
- Assets
- $7.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Ocean View, HI
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 99-0227772
Organization Overview
H O V E Road Maintenance Corp is located in Ocean View, HI. The organization was established in 1985. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, H O V E Road Maintenance Corp employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H O V E Road Maintenance Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, H O V E Road Maintenance Corp generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $860.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN, REPAIR, AND RESTORE THE ROADS WITHIN HAWAIIAN OCEAN VIEW ESTATES SUBDIVISION LOCATED IN THE DISTRICT OF KA'U.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN, REPAIR, AND RESTORE THE ROADS WITHIN HAWAIIAN OCEAN VIEW ESTATES SUBDIVISION LOCATED IN THE DISTRICT OF KA'U.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Foster Chief Operating Officer | Officer | 40 | $50,618 |
George Campbell Vice President/treasurer | OfficerTrustee | 2 | $0 |
Jim O'hara Secretary Until 12/21 | OfficerTrustee | 2 | $0 |
Jim Steenburg President | OfficerTrustee | 2 | $0 |
Frank Loosli Director | Trustee | 2 | $0 |
Bill Burkett Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,695,393 |
| Investment income | $78,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,792,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,496 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,216 |
| Payroll taxes | $32,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $718 |
| Fees for services: Accounting | $19,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,450 |
| Fees for services: Other | $419 |
| Advertising and promotion | $0 |
| Office expenses | $35,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,109 |
| Insurance | $39,283 |
| All other expenses | $17,057 |
| Total functional expenses | $860,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $4,115,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,821 |
| Net Land, buildings, and equipment | $867,405 |
| Investments—publicly traded securities | $1,800,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,679 |
| Total assets | $7,100,999 |
| Accounts payable and accrued expenses | $3,999 |
| Grants payable | $0 |
| Deferred revenue | $29,346 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,345 |
| Net assets without donor restrictions | $6,597,654 |
| Net assets with donor restrictions | $470,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,100,999 |
Endowment Analysis
| Beg. Balance | $470,000 |
| Earnings | $20,365 |
| Other Expense | $20,365 |
| Ending Balance | $470,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anaheim Transportation Network Anaheim, CA | $44,830,936 | $24,827,651 |
Emeryville Transportation Management Association Walnut Creek, CA | $4,212,875 | $5,083,152 |
Mountain View Transportation Management Association Walnut Creek, CA | $3,473,998 | $3,923,461 |
S M O O T H Inc Santa Maria, CA | $3,920,154 | $2,892,150 |
City Of Santa Clara Public Faciliti Facilities Financing Corporation Santa Clara, CA | $12,316,935 | $2,502,062 |
California Transit Association Sacramento, CA | $1,289,886 | $1,760,045 |
North Natomas Jibe Walk Bike Bus Sacramento, CA | $3,598,897 | $1,729,791 |
H O V E Road Maintenance Corp Ocean View, HI | $7,100,999 | $1,792,179 |
San Leandro Transit Management Organization San Leandro, CA | $25,377 | $806,000 |
Mobility 21 Irvine, CA | $1,189,964 | $906,277 |
Santa Barbara Bicycle Coalition Santa Barbara, CA | $1,822,126 | $966,918 |
Urban Movement Labs Los Angeles, CA | $386,555 | $499,610 |