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Nonprofiteer
← HIGHLAND COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by HIGHLAND COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$11,935,086
Total expenses
$12,249,624
Contributions and grants received
$448,412
Grants paid
$0
Program service revenue
$10,819,956
Investment income
$665,650
Other revenue
$1,068
Total assets, end of year
$44,740,393
Total liabilities, end of year
$40,250,370
Net assets or fund balances, end of year
$4,490,023
Program services expenses (Part IX)
$9,704,908
Management and general expenses
$2,544,716
Fundraising expenses
$0
Program service expenses (Part III)
$9,704,908

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $57,293

  • 1e · Government grants (contributions)

    $257,874

  • 1f · All other contributions, gifts and grants

    $133,245

  • 2a · Program service revenue: RESIDENT SERVICE REVENUE

    total $10,819,956 · related or exempt $10,819,956

  • 3 · Investment income

    total $683,201 · excluded $683,201

  • 7b · Less cost or other basis and sales expenses

    other assets $17,551

  • 7c · Gain or loss

    other assets -$17,551

  • 7d · Net gain or loss

    total -$17,551 · excluded -$17,551

  • 11a · Other revenue: OTHER REVENUE

    total $1,068 · related or exempt $1,068

  • 11e · Other revenue, total

    $1,068

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,574,859 · program services $3,202,401 · management and general $1,372,458

  • 8 · Pension plan contributions

    total $53,580 · program services $37,506 · management and general $16,074

  • 9 · Other employee benefits

    total $692,484 · program services $484,739 · management and general $207,745

  • 10 · Payroll taxes

    total $343,103 · program services $240,172 · management and general $102,931

  • 11a · Fees: management

    total $173,376 · management and general $173,376

  • 11b · Fees: legal

    total $14,435 · management and general $14,435

  • 11c · Fees: accounting

    total $27,320 · management and general $27,320

  • 11g · Fees: other

    total $398,212 · program services $398,212

  • 12 · Advertising and promotion

    total $315,555 · management and general $315,555

  • 13 · Office expenses

    total $655,503 · program services $655,503

  • 14 · Information technology

    total $38,580 · program services $27,006 · management and general $11,574

  • 16 · Occupancy

    total $1,762,643 · program services $1,620,655 · management and general $141,988

  • 17 · Travel

    total $35,027 · program services $35,027

  • 19 · Conferences, conventions and meetings

    total $5,414 · program services $5,414

  • 20 · Interest

    total $48,144 · program services $44,266 · management and general $3,878

  • 22 · Depreciation, depletion and amortization

    total $1,867,757 · program services $1,717,302 · management and general $150,455

  • 23 · Insurance

    total $85,995 · program services $79,068 · management and general $6,927

  • 24a · Other expenses: FOOD

    total $834,434 · program services $834,434

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $323,203 · program services $323,203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,130,975 · end of year $2,857,801

  • 2 · Savings and temporary cash investments

    beginning of year $8,964,393 · end of year $6,320,959

  • 4 · Accounts receivable

    beginning of year $85,724 · end of year $76,093

  • 7 · Other notes and loans receivable

    beginning of year $295,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $528,258 · end of year $510,898

  • 10a · Land, buildings and equipment: cost or other basis

    $57,918,457

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,493,320

  • 10c · Land, buildings and equipment, net

    beginning of year $20,943,439 · end of year $21,425,137

  • 12 · Investments: other securities

    beginning of year $14,812,814 · end of year $13,455,487

  • 15 · Other assets

    beginning of year $282,006 · end of year $94,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $817,307 · end of year $702,495

  • 19 · Deferred revenue

    beginning of year $37,378,690 · end of year $37,581,540

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,929,793 · end of year $997,443

  • 25 · Other liabilities

    beginning of year $952,091 · end of year $968,892

  • 27 · Net assets without donor restrictions

    beginning of year $6,781,354 · end of year $4,302,026

  • 28 · Net assets with donor restrictions

    beginning of year $183,372 · end of year $187,997

Mission and programs · 2022

Mission

HIGHLAND COMMUNITY DEVELOPMENT CORPORATION (D/B/A THE HIGHLANDS AT PITTSFORD, LAURELWOOD AT THE HIGHLANDS) ('THE HIGHLANDS') IS A NOT-FOR-PROFIT SENIOR LIVING COMMUNITY EXPERIENCED IN DELIVERING DISTINCTIVE SERVICES WITHIN A CONTINUUM OF LIVING. WE ARE COMMITTED TO PROVIDING RESIDENTS WITH THE FREEDOM TO STRIVE FOR THEIR PERSONAL BEST. THE HIGHLANDS OFFERS THE OPPORTUNITY FOR A FULFILLED LIFESTYLE BY ENCOURAGING CONTINUED PERSONAL GROWTH IN AN ENVIRONMENT OF MUTUAL RESPECT.

  • THE PURPOSE OF HIGHLAND COMMUNITY DEVELOPMENT CORPORATION (D/B/A THE HIGHLANDS AT PITTSFORD, LAURELWOOD AT THE HIGHLANDS) ("THE HIGHLANDS") IS TO MEET THE SPECIAL HOUSING NEEDS OF ELDERLY PERSONS BY OPERATING A FACILITY CONSISTING OF 233 UNITS SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, INTELLECTUAL,EMOTIONAL, PSYCHOSOCIAL AND SPIRITUAL NEEDS OF ELDERLY PERSONS,INCLUDING, BUT NOT LIMITED TO, HOUSING, EQUIPMENT, FURNISHINGS,MEALS, PROGRAMS AND RELATED SERVICES CONTRIBUTING TO THEIR HEALTH AND WELL-BEING.36 COTTAGES AND 135 APARTMENTS ARE OCCUPIED BY PEOPLE WHO FUNCTION INDEPENDENTLY BUT BENEFIT FROM THE SECURITY, COMPANIONSHIP, EDUCATIONAL AND RECREATIONAL OPPORTUNITIES AVAILABLE AT OUR COMMUNITY. RESIDENTS ENJOY RESTAURANT-STYLE MEALS, TRANSPORTATION TO SHOPPING AND APPOINTMENTS, CULTURAL AND EDUCATIONAL PROGRAMMING, FITNESS CLASSES, HOUSEKEEPING AND HOME MAINTENANCE SERVICES, WALKING TRAILS AND GARDENS, AS WELL AS INDIVIDUALIZED ASSISTANCE WITH MEETING ADDITIONAL NEEDS AS THEY ARISE. IN 2022, THE HIGHLANDS PROVIDED 18,571 DAYS OF CARE TO 54 COTTAGE RESIDENTS AND 52,724 DAYS OF CARE TO 172 APARTMENT RESIDENTS.65 ENRICHED HOUSING APARTMENTS ARE ALSO AVAILABLE, WHICH INCLUDE ALL OF THE SERVICES AND AMENITIES PROVIDED TO INDEPENDENT APARTMENT RESIDENTS, AS WELL AS ADDITIONAL HELP WITH MEDICATION MANAGEMENT, SHOWERING, DRESSING, AND OTHER PERSONAL SERVICES. THESE PERSONAL SERVICES ARE PROVIDED BY PERSONAL CARE AIDES AND NURSES, AND ARE DESIGNED TO ALLOW RESIDENTS TO FUNCTION AS INDEPENDENTLY AS POSSIBLE. RESIDENTS ARE AFFORDED DIGNITY AND PRIVACY, WITHIN AN ENVIRONMENT OF COMPANIONSHIP AND RECREATIONAL OPPORTUNITIES. IN 2022, THE HIGHLANDS PROVIDED 17,199 DAYS OF CARE TO 77 ENRICHED HOUSING APARTMENT RESIDENTS.

    Expenses $9,704,908 · Revenue $10,821,024

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael P Riordan

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Garrett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William J Hall MD

    BOARD MEMBER

    Total calculated
    $185
    From this org
    $0
    From related orgs
    $0
    Other
    $185
    Hours/week
    1

  • Robert Latella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robbie Magee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gerald Van Strydonk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert McCann MD

    BOARD MEMBER

    Total calculated
    $558,213
    From this org
    $0
    From related orgs
    $498,470
    Other
    $59,743
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,955 related
    Bonus
    $0
    Other
    $0 + $3,515 related
    Deferred
    $0 + $36,333 related
    Nontaxable benefits
    $0 + $23,410 related
    Filer's total
    $0 + $558,213 related

  • Valerie C Benjamin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven I Goldstein

    PRESIDENT

    Total calculated
    $3,516,221
    From this org
    $0
    From related orgs
    $3,306,548
    Other
    $209,673
    Hours/week
    1 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,509,252 related
    Bonus
    $0
    Other
    $0 + $1,797,296 related
    Deferred
    $0 + $188,712 related
    Nontaxable benefits
    $0 + $20,961 related
    Filer's total
    $0 + $3,516,221 related

  • Carrie Fuller-Spencer

    ASSOCIATE VP & CFO

    Total calculated
    $609,115
    From this org
    $0
    From related orgs
    $518,856
    Other
    $90,259
    Hours/week
    1 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,401 related
    Bonus
    $0
    Other
    $0 + $1,455 related
    Deferred
    $0 + $57,822 related
    Nontaxable benefits
    $0 + $32,437 related
    Filer's total
    $0 + $609,115 related

  • Lloyd Theiss

    EXECUTIVE DIRECTOR

    Total calculated
    $174,371
    From this org
    $174,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $141,144
    Bonus
    $0
    Other
    $33,227
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,371

  • Elizabeth Nessle

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $102,722
    From this org
    $102,722
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Adam Anolik

    FORMER EXECUTIVE VP & CFO

    Total calculated
    $950,030
    From this org
    $0
    From related orgs
    $790,685
    Other
    $159,345
    Hours/week
    1 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $777,736 related
    Bonus
    $0
    Other
    $0 + $12,949 related
    Deferred
    $0 + $129,312 related
    Nontaxable benefits
    $0 + $30,033 related
    Filer's total
    $0 + $950,030 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
TOP MANAGEMENT COMPENSATION AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION, THIS QUESTION HAS BEEN LEFT UNASWERED. REFER TO SCHEDULE O, DESCRIPTION OF COMPENSATION REVIEW AND APPROVAL.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION FORM 990, SCHEDULE J, PART I, LINE 4B THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN DEFERRED COMPENSATION: STEVEN I. GOLDSTEIN SERP PLAN $159,400 ROBERT MCCANN, MD SERP PLAN $12,800 ADAM ANOLIK SERP PLAN $100,000 CARRIE FULLER-SPENCER SERP PLAN $25,000 PURSUANT TO THE UNIVERSITY'S IRC SECTION 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, PARTICIPANTS ARE ENTITLED TO DISTRIBUTIONS FROM THE PLAN UPON THE OCCURRENCE OF CERTAIN VESTING EVENTS. THE FOLLOWING INDIVIDUALS MET THE VESTING CONDITIONS UNDER THE PLAN AND RECEIVED DISTRIBUTIONS IN CALENDAR YEAR 2022, WHICH ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) (III) AS OTHER REPORTABLE COMPENSATION: STEVEN GOLDSTEIN 457(F) PLAN $1,701,399 THESE AMOUNTS REPRESENT EMPLOYEE DEFERRALS OF COMPENSATION, PLUS INVESTMENT EARNINGS, OVER SEVERAL YEARS THAT VESTED AND WERE PAID PURSUANT TO THE REQUIREMENTS OF THE PLAN. THE EMPLOYEE DEFERRALS WERE REPORTED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN C IN PRIOR YEARS AND ARE ALSO REFLECTED, NET OF INVESTMENT EARNINGS, IN SCHEDULE J, PART II, COLUMN (F).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EXCELL INNOVATE NY FUND LP

    INVESTMENT FUND · NY

    Directly controlled by EXCEL TECH VENT

  • EXCELL MINORITY AND WOMEN OWNED BUSINESS INVESTMENT FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • EXCELL PARTNERS INNOVATION TC FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • FINGER LAKES VENTURE FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMACY · DE

    Directly controlled by HIGHLAND HOSPITAL

  • UR EQUITY HOLDINGS INC

    C · HOLDING COMPANY · NY

    Directly controlled by UNIVERSITY OF ROCHESTER

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING COMPANY · NY

    Directly controlled by THS

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUBATOR · NY

    Directly controlled by THS

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NETWORK · NY

    Directly controlled by UNIVERSITY OF ROCHESTER

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEP PRAC ASSOC · NY

    Directly controlled by AHP LLC

  • AHP INSURANCE COMPANY

    C · CAPTIVE INS. CO · VT

    Directly controlled by AHP LLC

  • LUMINATE VENTURE CHALLENGE CORP

    C · BUSINESS INCU · NY

    Directly controlled by NEXTCOROPS INC

  • HORNELL MEDICAL VILLAGE LLC

    C · HOLD REAL ESTATE · NY

    Directly controlled by ST JAMES HOSP

  • ROCHESTER BIOVENTURE CENTER INC

    C · BIOTECH INCUBATOR · NY

    Directly controlled by UNIVERSITY OF ROCHESTER

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343179349300339

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