Hiy Inc
- Assets
- $4.4m
- Revenue
- $75.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Warren, PA
- Founding
- 03/2017
- Data as of
- 06/2021
- 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 06/2021, Hiy Inc employed 2 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 06/2021, Hiy Inc generated $75.6k 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 (30.2%) each year. All expenses for the organization totaled $303.8k during the year ending 06/2021. 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
2021
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
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,375 |
| Investment income | $2,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,919 |
| Net Rental Income | $280,549 |
| Net Gain/Loss on Asset Sales | -$223,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,646 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $25,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,001 |
| Payroll taxes | $11,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,692 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $535 |
| Advertising and promotion | $1,008 |
| Office expenses | $4,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,607 |
| Travel | $9,272 |
| 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 | $303,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,024 |
| Savings and temporary cash investments | $900,950 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,437,209 |
| Accounts payable and accrued expenses | $52,376 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,898,611 |
| Other liabilities | $0 |
| Total liabilities | $2,950,987 |
| 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 |
| Total liabilities and net assets/fund balances | $1,486,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Pennsylvania Conservancy Pittsburgh, PA | $113,802,863 | $21,943,336 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
Natural Lands Trust Incorporated Media, PA | $288,000,033 | $16,114,941 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Lancaster Farmland Trust Strasburg, PA | $11,698,413 | $9,676,102 |
New Jersey Conservation Foundation Far Hills, NJ | $62,588,695 | $10,973,647 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
Wildlands Conservancy Inc Emmaus, PA | $12,037,986 | $4,624,633 |
Agricultural Stewardship Association Greenwich, NY | $3,423,343 | $3,521,538 |
The Finger Lakes Land Trust Inc Ithaca, NY | $33,932,196 | $4,821,991 |