Highlands Ranch Community Assoc
- Assets
- $57.2m
- Revenue
- $28.4m
- Investments
- $2.8m
- Employees
- 996
- Location
- Highlands Ranch, CO
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 84-0869474
Organization Overview
Highlands Ranch Community Assoc is located in Highlands Ranch, CO. The organization was established in 2003. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Highlands Ranch Community Assoc employed 996 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Ranch Community Assoc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Highlands Ranch Community Assoc generated $28.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $26.0m during the year ending 12/2022. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS PRIMARILY ENGAGED IN PROMOTING THE COMMON GOOD AND WELFARE OF THE APPROXIMATELY 100,000 RESIDENTS OF HIGHLANDS RANCH AND THE SURROUNDING AREAS. THE ASSOCIATION PROVIDES ARCHITECTURAL CONTROL, COVENANT ENFORCEMENT, COMMUNITY EVENTS, AND FOUR RECREATIONAL FACILITIES WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN COMMUNITY AND RECREATIONAL FACILITIES, MANAGE AND MAINTAIN COMMON INTEREST PROPERTIES, PROVIDE ARCHITECTURAL CONTROL, COVENANT ENFORCEMENT, AND COMMUNITY EVENTS FOR THE COMMUNITY OF APPROXIMATELY 100,000 RESIDENTS OF HIGHLANDS RANCH COLORADO.THE ASSOCIATION OWNS AND OPERATES FOUR RECREATION CENTERS, PROVIDING YEAR-ROUND YOUTH AND ADULT FITNESS PROGRAMS AND EDUCATIONAL OPPORTUNITIES, MANAGES THE BACKCOUNTRY WILDERNESS AREA, PROVIDES SUB-ASSOCIATION MANAGEMENT SERVICES, AND HOSTS OVER 100 COMMUNITY EVENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bailey Ceo/gm | 40 | $160,836 | |
Kenneth Joseph Director Of Programs | 40 | $141,474 | |
Jamie Noebel Director Of Community Relations | 40 | $109,080 | |
Mark Gunther Director Of Operations & Facility | 40 | $116,294 | |
Jackie Kennedy Hr Director | 40 | $79,791 | |
Brian Sheppelman Corporate Compliance Director | 40 | $53,726 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
I2 Construction Llp General Contractor | 12/30/22 | $1,323,442 |
Nexustek It Contractor | 12/30/22 | $744,010 |
Symmetry Energy Solutions Llc Natural Gas Provider | 12/30/22 | $319,724 |
Winzenburg Leff Purvis & Payne Llp Attorney | 12/30/22 | $292,962 |
Western Paper Distributors Supplier | 12/30/22 | $203,028 |
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 | $28,737,079 |
| Investment income | $46,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$390,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,392,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $958,668 |
| Compensation of current officers, directors, key employees. | $958,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,878,225 |
| Pension plan accruals and contributions | $268,870 |
| Other employee benefits | $1,780,734 |
| Payroll taxes | $955,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $870,221 |
| Advertising and promotion | $92,048 |
| Office expenses | $807,967 |
| Information technology | $910,955 |
| Royalties | $0 |
| Occupancy | $2,548,797 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,266 |
| Interest | $521,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,796,222 |
| Insurance | $498,299 |
| All other expenses | $0 |
| Total functional expenses | $26,038,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,064,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,638 |
| Prepaid expenses and deferred charges | $312,177 |
| Net Land, buildings, and equipment | $33,715,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,756,006 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,180,210 |
| Accounts payable and accrued expenses | $1,338,545 |
| Grants payable | $0 |
| Deferred revenue | $3,402,599 |
| 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 | $0 |
| Other liabilities | $5,963,915 |
| Total liabilities | $10,705,059 |
| 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 | $46,475,151 |
| Total liabilities and net assets/fund balances | $57,180,210 |