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Nonprofiteer
← HIGHLAND MANOR APARTMENTS INC

Form 990 for tax year 2024

Filed by HIGHLAND MANOR APARTMENTS INC.

Totals

Total revenue
$263,753
Total expenses
$311,488
Contributions and grants received
$152,789
Grants paid
$0
Program service revenue
$102,426
Investment income
$7,740
Other revenue
$798
Total assets, end of year
$1,793,218
Total liabilities, end of year
$2,889,908
Net assets or fund balances, end of year
-$1,096,690
Program services expenses (Part IX)
$217,963
Management and general expenses
$93,525
Fundraising expenses
$0
Program service expenses (Part III)
$217,963

Program services were 70.0% 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)

    $152,789

  • 2a · Program service revenue: RENTAL INCOME

    total $102,426 · related or exempt $102,426

  • 3 · Investment income

    total $7,740 · excluded $7,740

  • 11a · Other revenue: TENANT CHARGES

    total $798 · excluded $798

  • 11e · Other revenue, total

    $798

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $32,268 · management and general $32,268

  • 11c · Fees: accounting

    total $6,533 · management and general $6,533

  • 13 · Office expenses

    total $13,369 · management and general $13,369

  • 14 · Information technology

    total $1,110 · management and general $1,110

  • 16 · Occupancy

    total $150,602 · program services $150,602

  • 17 · Travel

    total $634 · management and general $634

  • 19 · Conferences, conventions and meetings

    total $547 · management and general $547

  • 22 · Depreciation, depletion and amortization

    total $67,361 · program services $67,361

  • 23 · Insurance

    total $1,602 · management and general $1,602

  • 24a · Other expenses: MTG CO EMPLOYEE CHARGEB

    total $37,462 · management and general $37,462

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,019 · end of year $25,841

  • 4 · Accounts receivable

    beginning of year $1,491 · end of year $1,355

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,545 · end of year $9,976

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

    $2,935,855

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

    $1,391,286

  • 10c · Land, buildings and equipment, net

    beginning of year $1,611,930 · end of year $1,544,569

  • 13 · Investments: program-related

    beginning of year $181,039 · end of year $198,191

  • 15 · Other assets

    beginning of year $10,571 · end of year $13,286

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,567 · end of year $21,280

  • 19 · Deferred revenue

    beginning of year $2,517 · end of year $1,944

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $13,766 · end of year $13,984

  • 27 · Net assets without donor restrictions

    beginning of year -$1,048,955 · end of year -$1,096,690

Mission and programs · 2024

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 $217,963 · Revenue $102,426

As filed on the 2024 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
    $301,740
    From this org
    $0
    From related orgs
    $284,766
    Other
    $16,974
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,294 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $27,472 related
    Deferred
    $0 + $3,564 related
    Nontaxable benefits
    $0 + $13,410 related
    Filer's total
    $0 + $301,740 related

  • Sharon Lorden

    VICE PRESIDENT

    Total calculated
    $236,272
    From this org
    $0
    From related orgs
    $221,900
    Other
    $14,372
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,661 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $21,239 related
    Deferred
    $0 + $2,322 related
    Nontaxable benefits
    $0 + $12,050 related
    Filer's total
    $0 + $236,272 related

  • Natalie Britt

    VICE PRESIDENT

    Total calculated
    $216,965
    From this org
    $0
    From related orgs
    $206,329
    Other
    $10,636
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,621 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $19,708 related
    Deferred
    $0 + $1,242 related
    Nontaxable benefits
    $0 + $9,394 related
    Filer's total
    $0 + $216,965 related

  • William Ward

    TREASURER

    Total calculated
    $188,228
    From this org
    $0
    From related orgs
    $180,836
    Other
    $7,392
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,634 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $17,202 related
    Deferred
    $0 + $810 related
    Nontaxable benefits
    $0 + $6,582 related
    Filer's total
    $0 + $188,228 related

  • Sheila Porter

    VP OF HOMEOWNERSHIP CENTER

    Total calculated
    $144,989
    From this org
    $0
    From related orgs
    $131,302
    Other
    $13,687
    Hours/week
    0.5 + 40 related

  • Atinuke Diver

    VP OF IMPACT

    Total calculated
    $174,668
    From this org
    $0
    From related orgs
    $165,476
    Other
    $9,192
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,315 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $16,161 related
    Deferred
    $0 + $540 related
    Nontaxable benefits
    $0 + $8,652 related
    Filer's total
    $0 + $174,668 related

  • Kayla Rosenburg

    DIRECTOR OF ENTERPRISE S&D

    Total calculated
    $151,089
    From this org
    $0
    From related orgs
    $145,183
    Other
    $5,906
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,964 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $13,719 related
    Deferred
    $0 + $774 related
    Nontaxable benefits
    $0 + $5,132 related
    Filer's total
    $0 + $151,089 related

  • Joseph Omozokpea

    SENIOR PROJECT MANAGER

    Total calculated
    $132,728
    From this org
    $0
    From related orgs
    $124,009
    Other
    $8,719
    Hours/week
    0.5 + 40 related

  • Patricia Roper

    ACCOUNTING AND BENEFITS MANAGER

    Total calculated
    $127,940
    From this org
    $0
    From related orgs
    $109,788
    Other
    $18,152
    Hours/week
    0.5 + 40 related

  • Timotthy Fisher

    SENIOR PROJECT MANAGER

    Total calculated
    $128,003
    From this org
    $0
    From related orgs
    $120,711
    Other
    $7,292
    Hours/week
    0.5 + 40 related

  • Patrick Nerz

    SENIOR PROJECT MANAGER

    Total calculated
    $127,508
    From this org
    $0
    From related orgs
    $120,306
    Other
    $7,202
    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

  • ASHTON PLACE MANAGING MEMBER LLC

    LOW-INCOME HOUSING · NC

  • HARDEE ST MANAGING MEMBER LLC

    LOW-INCOME HOUSING · NC

  • BAY RIVER HOUSING LLC

    LOW-INCOME HOUSING · NC

  • AVONLEA PRESERVATION LLC

    LOW-INCOME HOUSING · NC

  • HIGHLAND VILLAGE PERSERVATION LLC

    LOW-INCOME HOUSING · NC

  • JEFFRIES RIDGE PERSERVATION LLC

    LOW-INCOME HOUSING · NC

  • MADISON GLEN PERSERVATION LLC

    LOW-INCOME HOUSING · NC

  • RIPLEY STATION PRESERVATION LLC

    LOW-INCOME HOUSING · NC

  • SEDGEBROOK PERSERVATION LLC

    LOW-INCOME HOUSING · NC

  • TRYON GROVE PERSERVATION LLC

    LOW-INCOME HOUSING · NC

  • DHIC PERSERVATION I LLC

    LOW-INCOME HOUSING · NC

  • DHIC PERSERVATION MANAGING MEMBER LLC

    LOW-INCOME HOUSING · NC

Related corporations and trusts

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

  • 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

  • CAMDEN GLEN AFFORDABLE HOUSING 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

  • 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

  • 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

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202621279349302212

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