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Nonprofiteer
← HIGHLAND MANOR APARTMENTS INC

Form 990 for tax year 2023

Filed by HIGHLAND MANOR APARTMENTS INC.

Totals

Total revenue
$244,812
Total expenses
$282,724
Contributions and grants received
$137,027
Grants paid
$0
Program service revenue
$104,244
Investment income
$2,972
Other revenue
$569
Total assets, end of year
$1,835,595
Total liabilities, end of year
$2,884,550
Net assets or fund balances, end of year
-$1,048,955
Program services expenses (Part IX)
$202,587
Management and general expenses
$80,137
Fundraising expenses
$0
Program service expenses (Part III)
$202,587

Program services were 71.7% 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.

  • 1e · Government grants (contributions)

    $137,027

  • 2a · Program service revenue: RENTAL INCOME

    total $104,244 · related or exempt $104,244

  • 3 · Investment income

    total $7,371 · excluded $7,371

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

    other assets $4,399

  • 7c · Gain or loss

    other assets -$4,399

  • 7d · Net gain or loss

    total -$4,399 · related or exempt -$4,399

  • 11a · Other revenue: TENANT CHARGES

    total $569 · excluded $569

  • 11e · Other revenue, total

    $569

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $30,669 · management and general $30,669

  • 11b · Fees: legal

    total $22 · management and general $22

  • 11c · Fees: accounting

    total $6,354 · management and general $6,354

  • 12 · Advertising and promotion

    total $243 · management and general $243

  • 13 · Office expenses

    total $10,098 · management and general $10,098

  • 14 · Information technology

    total $1,022 · management and general $1,022

  • 16 · Occupancy

    total $135,175 · program services $135,175

  • 17 · Travel

    total $146 · management and general $146

  • 19 · Conferences, conventions and meetings

    total $315 · management and general $315

  • 22 · Depreciation, depletion and amortization

    total $67,341 · program services $67,341

  • 23 · Insurance

    total $1,115 · management and general $1,115

  • 24a · Other expenses: MTG CO EMPLOYEE CHARGEB

    total $30,153 · management and general $30,153

  • 24b · Other expenses: BAD DEBTS

    total $71 · program services $71

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $812 · end of year $21,019

  • 4 · Accounts receivable

    beginning of year $3,143 · end of year $1,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,919 · end of year $9,545

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

    $2,935,855

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

    $1,323,925

  • 10c · Land, buildings and equipment, net

    beginning of year $1,667,969 · end of year $1,611,930

  • 13 · Investments: program-related

    beginning of year $177,265 · end of year $181,039

  • 15 · Other assets

    beginning of year $9,839 · end of year $10,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,098 · end of year $15,567

  • 19 · Deferred revenue

    beginning of year $2,273 · end of year $2,517

  • 23 · Secured mortgages and notes payable

    beginning of year $2,852,700 · end of year $2,852,700

  • 25 · Other liabilities

    beginning of year $12,919 · end of year $13,766

  • 27 · Net assets without donor restrictions

    beginning of year -$1,011,043 · end of year -$1,048,955

Mission and programs · 2023

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

Activities or mission (Part I)

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERON THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

  • THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

    Expenses $202,587 · Revenue $99,845

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tyler Craft

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jordan Maness

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Betsy Rozakis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Gordon Grubb

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Meghan Melloy

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Yolanda Winstead

    PRESIDENT

    Total calculated
    $290,400
    From this org
    $0
    From related orgs
    $274,968
    Other
    $15,432
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,055 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $25,913 related
    Deferred
    $0 + $2,943 related
    Nontaxable benefits
    $0 + $12,489 related
    Filer's total
    $0 + $290,400 related

  • Sharon Lorden

    CFO/ SENIOR VP

    Total calculated
    $226,900
    From this org
    $0
    From related orgs
    $213,435
    Other
    $13,465
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,443 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $19,992 related
    Deferred
    $0 + $2,322 related
    Nontaxable benefits
    $0 + $11,143 related
    Filer's total
    $0 + $226,900 related

  • William Ward

    VP OF FINANCE

    Total calculated
    $171,924
    From this org
    $0
    From related orgs
    $165,016
    Other
    $6,908
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,122 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $15,894 related
    Deferred
    $0 + $675 related
    Nontaxable benefits
    $0 + $6,233 related
    Filer's total
    $0 + $171,924 related

  • Natalie Britt

    VP OF REAL ESTATE DEVELOPMENT

    Total calculated
    $208,394
    From this org
    $0
    From related orgs
    $198,498
    Other
    $9,896
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,943 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $18,555 related
    Deferred
    $0 + $1,242 related
    Nontaxable benefits
    $0 + $8,654 related
    Filer's total
    $0 + $208,394 related

  • Sheila Porter

    VP OF HOMEOWNERSHIP CENTER SERVICES

    Total calculated
    $160,441
    From this org
    $0
    From related orgs
    $147,369
    Other
    $13,072
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,735 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $13,634 related
    Deferred
    $0 + $2,316 related
    Nontaxable benefits
    $0 + $10,756 related
    Filer's total
    $0 + $160,441 related

  • Atinuke Diver

    VP OF IMPACT

    Total calculated
    $158,726
    From this org
    $0
    From related orgs
    $150,025
    Other
    $8,701
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,072 related
    Bonus
    $0 + $9,750 related
    Other
    $0 + $14,203 related
    Deferred
    $0 + $540 related
    Nontaxable benefits
    $0 + $8,161 related
    Filer's total
    $0 + $158,726 related

  • Timotthy Fisher

    SENIOR PROJECT MANAGER

    Total calculated
    $124,429
    From this org
    $0
    From related orgs
    $116,298
    Other
    $8,131
    Hours/week
    0.5 + 40 related

  • Skip Jackson

    SENIOR PROJECT MANAGER

    Total calculated
    $142,872
    From this org
    $0
    From related orgs
    $131,262
    Other
    $11,610
    Hours/week
    0.5 + 40 related

  • Patrick Nerz

    SENIOR PROJECT MANAGER

    Total calculated
    $122,702
    From this org
    $0
    From related orgs
    $115,888
    Other
    $6,814
    Hours/week
    0.5 + 40 related

  • Joseph Omozokpea

    SENIOR PROJECT MANAGER

    Total calculated
    $127,734
    From this org
    $0
    From related orgs
    $119,443
    Other
    $8,291
    Hours/week
    0.5 + 40 related

  • Kayla Rosenburg

    DIRECTOR OF ENTERPRISE S&D

    Total calculated
    $139,670
    From this org
    $0
    From related orgs
    $136,302
    Other
    $3,368
    Hours/week
    0.5 + 40 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

  • ASHTON PLACE DEVELOPER LLC

    LOW-INCOME HOUSING · NC

  • ASHTON PLACE HOUSING LLC

    LOW-INCOME HOUSING · NC

  • BEACON RIDGE LLC

    LOW-INCOME HOUSING · NC

  • BEECHRIDGE LLC

    LOW-INCOME HOUSING · NC

  • BOOKER PARK NORTH LLC

    LOW-INCOME HOUSING · NC

  • BOOKER PARK SOUTH LLC

    LOW-INCOME HOUSING · NC

  • BROADSTONE WALK LLC

    LOW-INCOME HOUSING · NC

  • BROOKRIDGE HOUSING LLC

    LOW-INCOME HOUSING · NC

  • CAMDEN GLEN LLC

    LOW-INCOME HOUSING · NC

  • CAPITAL TOWERS III LLC

    LOW-INCOME HOUSING · NC

  • COLLEGE PARK COLLABORATIVE LLC

    LOW-INCOME HOUSING · NC

  • DACIAN GLEN LLC

    LOW-INCOME HOUSING · NC

  • GREENFIELD SENIOR HOUSING LLC

    LOW-INCOME HOUSING · NC

  • GREENFIELD WORKFORCE HOUSING LLC

    LOW-INCOME HOUSING · NC

  • HARDEE ST DEVELOPER LLC

    LOW-INCOME HOUSING · NC

  • HARDEE ST HOUSING LLC

    LOW-INCOME HOUSING · NC

  • MAPLEWOOD PARTNERSLLC

    LOW-INCOME HOUSING · NC

  • MEADOWCREEK COMMONS LLC

    LOW-INCOME HOUSING · NC

  • MILNER SENIOR HOUSING PARTNERS LLC

    LOW-INCOME HOUSING · NC

  • PENNINGTON GROVE II LLC

    LOW-INCOME HOUSING · NC

  • PENNINGTON GROVE LLC

    LOW-INCOME HOUSING · NC

  • PRIMAVERA SENIORS LLC

    LOW-INCOME HOUSING · NC

  • ROG PRESERVATION LLC

    LOW-INCOME HOUSING · NC

  • SPORTSMANSHIP CROSSING LLC

    LOW-INCOME HOUSING · NC

  • WAKEFIELD AFFORDABLE HOUSING LLC

    LOW-INCOME HOUSING · NC

  • WAKEFIELD MANOR LLC

    LOW-INCOME HOUSING · NC

  • WASHINGTON TERRACE AFFORDABLE HOUSING LLC

    LOW-INCOME HOUSING · NC

  • WATER GARDEN PARK LLC

    LOW-INCOME HOUSING · NC

  • WATER GARDEN VILLAGE LLC

    LOW-INCOME HOUSING · NC

  • WESTON TRACE PARTNERS LLC

    LOW-INCOME HOUSING · NC

  • WILLARD ST DEVELOPER LLC

    LOW-INCOME HOUSING · NC

  • WILLARD STREET LLC

    LOW-INCOME HOUSING · NC

  • WILLOW CREEK SENIORS LLC

    LOW-INCOME HOUSING · NC

  • CRESTON COMMONS PARTNERS LLC

    LOW-INCOME HOUSING · NC

  • HIGHLAND VILLAGE HOUSING LLC

    LOW-INCOME HOUSING · NC

Related corporations and trusts

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

  • ASHTON PLACE MANAGING MEMBER LLC

    C · REAL ESTATE RENTAL · NC

  • BEACON RIDGE DEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • BOOKER PARK NORTH HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • BOOKER PARK SOUTH HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • BROADSTONE WALK DEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • BROOKRIDGE AFFORDABLE HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • CAMDEN GLEN AFFORDABLE HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • COMMONS OAKS AFFORDABLE HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • DACIAN GLEN REDEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • DAVIS DRIVE DEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • GREEFIELD COMMONS DEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • GREENFIELD PLACE DEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • HARDEE ST MANAGING MEMBER LLC

    C · REAL ESTATE RENTAL · NC

  • MAPLEWOOD SENIOR HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • MEADOWCREEK SENIORS INC

    C · REAL ESTATE RENTAL · NC

  • PENNINGTON GROVE SENIOR HOUSING II INC

    C · REAL ESTATE RENTAL · NC

  • PENNINGTON GROVE SENIOR HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • PRIMAVERA SENIORS HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • ROG REDEVELOPMENT INC

    C · REAL ESTATE RENTAL · NC

  • SIX FORKS SENIORS INC

    C · REAL ESTATE RENTAL · NC

  • WAKEFIELD SENIOR HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • WATER GARDEN AFFODABLE HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • WATER GARDEN SENIOR HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • WESTON TRACE AFFORDABLE HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • WILLARD STREET MANAGER LLC

    C · REAL ESTATE RENTAL · NC

  • CRESTON COMMONS AFFORDABLE HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • MILNER SENIOR HOUSING INC

    C · REAL ESTATE RENTAL · NC

  • SPORTSMANSHIP HOUSING INC

    C · REAL ESTATE RENTAL · NC

    Directly controlled by DHIC INC

Provenance

Return type
form_990
Tax year
2023
Filed
24 February 2025
IRS schema version
2023v6.0
Source object
202540559349301309

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