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Nonprofiteer
← HIGH POINT REALTY ASSOCIATES INC

Form 990 for tax year 2022

Filed by HIGH POINT REALTY ASSOCIATES INC.

Totals

Total revenue
$1,131,282
Total expenses
$34,985,861
Contributions and grants received
$0
Grants paid
$34,963,361
Program service revenue
$0
Investment income
$0
Other revenue
$1,131,282
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$34,985,861
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$34,985,861

Program services were 100.0% 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.

  • 6a · Gross rents

    real property $19,369,926

  • 6b · Less rental expenses

    real property $18,238,644

  • 6c · Rental income or loss

    real property $1,131,282

  • 6d · Net rental income or loss

    total $1,131,282 · related or exempt -$11,491,384 · unrelated business $12,622,666

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,963,361 · program services $34,963,361

  • 24a · Other expenses: CONTRACT WORK

    total $22,500 · program services $22,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,091,642 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $13,481,913 · end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $689,986 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $12,185,389 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,001,999 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,592,352 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,854,579 · end of year $0

Mission and programs · 2022

Mission

TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY FOR THE BENEFIT OF DUKE UNIVERSITY AND ITS AFFILIATES.

Activities or mission (Part I)

TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY TO BENEFIT DUKE UNIVERSITY AND ITS AFFILIATES.

  • HIGH POINT REALTY ASSOCIATES, INC. WAS FORMED TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY FOR THE BENEFIT OF DUKE UNIVERSITY AND ITS AFFILIATES. RENTAL INCOME AND EXPENSE FROM SUCH HOLDING IS REPORTED ON PART VIII, LINE 6.

    Expenses $34,985,861 · Grants $34,963,361 · Revenue $1,131,282

As filed on the 2022 return.

Listed in Part VII

  • Rachel L Satterfield

    DIRECTOR/TREASURER

    Total calculated
    $561,492
    From this org
    $0
    From related orgs
    $511,235
    Other
    $50,257
    Hours/week
    0.1 + 40.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $486,059 related
    Bonus
    $0 + $25,176 related
    Other
    $0
    Deferred
    $0 + $37,164 related
    Nontaxable benefits
    $0 + $14,631 related
    Filer's total
    $0 + $563,030 related

  • Scott F Selig

    DIRECTOR/SECRETARY

    Total calculated
    $463,123
    From this org
    $0
    From related orgs
    $397,038
    Other
    $66,085
    Hours/week
    0.1 + 40.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,038 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,164 related
    Nontaxable benefits
    $0 + $30,164 related
    Filer's total
    $0 + $464,366 related

  • Victoria L Nevois

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $407,276
    From this org
    $0
    From related orgs
    $362,006
    Other
    $45,270
    Hours/week
    0.1 + 40.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,106 related
    Bonus
    $0 + $68,400 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $37,164 related
    Nontaxable benefits
    $0 + $8,937 related
    Filer's total
    $0 + $408,107 related

  • Constance Badger

    DIRECTOR/PRESIDENT

    Total calculated
    $227,328
    From this org
    $0
    From related orgs
    $190,623
    Other
    $36,705
    Hours/week
    0.1 + 40.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,623 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,740 related
    Nontaxable benefits
    $0 + $14,522 related
    Filer's total
    $0 + $227,885 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WASHINGTON DUKE INN LLC

    RENTAL · NC · income $1,131,282 · assets $0

    Directly controlled by HIGH POINT REALTY ASSOCIATES INC

Related partnerships

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

  • BLACKWELL PARTNERS LLC - SERIES A - 20-8075455

    N/A · INVESTMENTS · DE

  • CANYON BLUE INV FD 27-0186996

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT 27-2994514

    N/A · INVESTMENTS · DE

  • LYRICAL-BLUE RGNT 45-3626577

    N/A · INVESTMENTS · DE

  • SBER LUCKY STRIKE 20-3891303

    N/A · REAL ESTATE · NC

  • MANGUM II LLC - 46-5135858

    N/A · INVESTMENTS · NC

  • LS INVESTOR LLC 20-3891381

    N/A · REAL ESTATE · NC

  • DILWEG BLUE PF LP 47-1225569

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT IV 47-2172270

    N/A · INVESTMENTS · DE

  • STRATUS CAPITAL PARTNERS C LP

    N/A · INVESTMENTS · UK

  • ALTOS HYBRID D LLC - 47-3996176

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES C - 81-1264533

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES B

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES D

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES E

    N/A · INVESTMENTS · DE

  • ALTOS HYBRID 2D LLC

    N/A · INVESTMENTS · DE

  • LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP

    N/A · INVESTMENTS · DE

  • WASHINGTON GOTHIC LP

    N/A · INVESTMENTS · DE

  • DUKE TRIANGLE ENDOSCOPY CENTER LLC

    N/A · HEALTHCARE · NC

  • DWELLWORKS CO-INVESTMENT LLC

    N/A · INVESTMENTS · DE

  • BEP LEGACY 1C LLC

    N/A · INVESTMENTS · DE

  • WELLINGTON TRUST CO NA - CTF OPP FIXED INC ALLOC II POR

    N/A · INVESTMENTS · DE

  • ENIAC SPECIAL DELTA LLC

    N/A · INVESTMENTS · DE

  • STRATUS SCP III INVESTORS - GAMMA LP

    N/A · INVESTMENTS · UK

  • STRATUS SCP COINVESTMENT II - FIP-M

    N/A · INVESTMENTS · BR

  • MANGUM LLC

    N/A · INVESTMENTS · NC

  • CPF HEARTBEAT HEALTH INVES B LLC

    N/A · INVESTMENTS · DE

  • CPF TRIAS INVESTMENT LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC - SERIES A

    N/A · INVESTMENTS · DE

Related corporations and trusts

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

  • DUKE CE (SEA) PRIVATE LIMITED

    C · SUPPORT · SN

  • DUKE CE LS INC

    C · REAL ESTATE · NC

  • DUKE CORP EDU INDIA PRIVATE

    C · CONSULTING · IN

  • DUKE CORPORATE EDUCATION LIM

    C · EDUCATION CONSULTING · UK

  • DUKE CORPORATE EDUCATION RSA

    C · CONSULTING · SF

  • DUKE GLOBAL CONSULTING (KUNSHAN)

    C · CONSULTING · CH

  • DUKE INDIA SERVICES PRIVATE LIMITED

    C · MEDICAL RESEARCH · IN

  • DUKE MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • DUKE MEDICINE ASIA PTE LTD

    C · MEDICAL RESEARCH · SN

  • DURHAM CASUALTY COMPANY LTD

    C · INSURANCE · BD

  • GHI ERP LTD

    C · INVESTMENTS · MP

  • GHI HOLDINGS MAURITIUS

    C · INVESTMENTS · MP

  • GHI HSP LTD

    C · INVESTMENTS · MP

  • GHI JBD LTD

    C · INVESTMENTS · MP

  • GHI LTP LTD

    C · INVESTMENTS · MP

  • GOTHIC INTERNATIONAL LTD

    C · INVESTMENTS · CJ

  • HEALTH SYSTEM MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • MARATHON BLUE CAYMAN FUND

    C · INVESTMENTS · CJ

  • MCP PRIVATE CAPITAL (FEEDER) FUND I LP

    C · INVESTMENTS · LU

  • VITA BELLAVISTA CASA 84 SRL

    C · REAL ESTATE · CS

  • VITA BELLAVISTA CASA DIECINUEVE SRL

    C · REAL ESTATE · CS

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • DUKE UNIVERSITY

    $34,963,361

    Liquidation · CONTRIBUTION OF NET ASSETS · Feb 28, 2023 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2023
IRS schema version
2022v5.0
Source object
202321989349300817

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