Highland South Inc
- Assets
- $19.7m
- Revenue
- $393.9k
- Investments
- $3.7m
- Employees
- 12
- Location
- Wheat Ridge, CO
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 84-0870011
Organization Overview
Highland South Inc is located in Wheat Ridge, CO. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Highland South Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland South Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Highland South Inc generated $393.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $355.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TAX CREDIT AND SUBSIDIZED HOUSING TO PERSONS 62 YEARS OR OLDER AND/OR PERSONS WITH QUALIFIED DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Jellison Executive Director | 5 | $112,157 | |
Janet Martinez Controller | 40 | $96,722 | |
Clark Chambers Facility Manager | 40 | $61,738 | |
Ronna Burrows Vice President | 1 | $0 | |
Kerry Gardner President | 1 | $0 | |
Anne Baker Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $78,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,604 |
| Capital Gain Net Income | $175,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $139,856 |
| Total Revenue | $393,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,872 |
| Other employee salaries and wages | $137,902 |
| Pension plans, employee benefits | $24,989 |
| Interest | $0 |
| Taxes | $21,281 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,490 |
| Total operating and administrative expenses | $355,534 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $355,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,123 |
| Savings and temporary cash investments | $424,752 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $11,200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,259,952 |
| Total assets | $19,666,014 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |