Hiy Inc
- Assets
- $4.4m
- Revenue
- $200.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Warren, PA
- Founding
- 03/2017
- Data as of
- 06/2023
- EIN
- 81-4669115
Organization Overview
Hiy Inc is located in Warren, PA. The organization was established in 2017. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2023, Hiy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hiy 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 06/2023, Hiy Inc generated $200.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.6%) each year. All expenses for the organization totaled $376.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE ECONOMIC DEVELOPMENT AND GENERAL WELFARE IN ANY COUNTY IN WHICH IT MAY FUNCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTIES WERE RENOVATED AND RENTED OUT TO BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruzhdi Bakalli President - CEO | Officer | 40 | $132,000 |
Ilir Bordoniqi Vice-President - Director | Officer | $0 | |
Armend Axhemi Secretary/treasurer - Director | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $7,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,105 |
| Net Rental Income | $190,388 |
| 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 | $200,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,067 |
| Payroll taxes | $9,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99 |
| Fees for services: Other | $4,433 |
| Advertising and promotion | $0 |
| Office expenses | $4,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,292 |
| Travel | $24,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $376,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,096 |
| Savings and temporary cash investments | $700,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,616,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,415,895 |
| Accounts payable and accrued expenses | $53,364 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $115,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,064,885 |
| Other liabilities | $0 |
| Total liabilities | $3,233,249 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,182,646 |
| Total liabilities and net assets/fund balances | $4,415,895 |