Highland Farm Residents Corporation

Organization Overview

Highland Farm Residents Corporation is located in Black Mountain, NC. The organization was established in 2006. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Farm Residents Corporation 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 12/2023, Highland Farm Residents Corporation generated $165.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $170.3k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ADMINISTER GIFTS AND FUNDS GENERATED BY RESIDENTS FOR TMEPORARY FINANCIAL SUPPORT OF RESIDENTS IN FINANCIAL NEED, IMPROVING RESIDENTS QUALITY OF LIFE, AND GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADMININSTERING FUNDS GENERATED BY THE RESIDENTS AND MAKING GRANTS TO COMMUNITY NON-PROFIT ORGANIZATIONS AS DETERMINED BY THE HIGHLAND FARMS RESIDENTS CORPORATION.


FUNDS FOR TEMPORARY FINANCIAL SUPPORT TO RESIDENTS IN TIMES OF EMERGENCY FINANCIAL NEED, UPON TERMS AND CONDITIONS AS DETERMINED BY THE BOARD, AND PROGRAMS THAT ENHANCE THE QUALITY OF LIFE. 0


OTHER ACTIVITIES TO BENEFIT THE RESIDENTS SUCH AS GIFT SHOP, CARD SHOP, AND THRIFT SHOP.


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Board, Officers & Key Employees

Name (title)Compensation
Ann Carr Adkins
President
$0
Tom Kopp
Vice President
$0
Gene Schimpf
Treasurer
$0
Nancy Schuman
Secretary
$0
Jim Mcdowell
Board Member
$0
Adiai Boyd
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$141,917
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$141,917
Total Program Service Revenue$2,826
Investment income $20,811
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $165,554

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