Highland Farm Residents Corporation
Highland Farm Residents Corporation maintains stable finances with volunteer leadership and no executive compensation.
EIN: 203484944 · Black Mtn, NC · NTEE: P99 · Updated: 2026-03-28
Is Highland Farm Residents Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Highland Farm Residents Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Highland Farm Residents Corporation
Highland Farm Residents Corporation (EIN: 203484944) is a nonprofit organization based in Black Mtn, NC, classified under NTEE code P99. The organization reported total revenue of $258K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highland Farm Residents Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Highland Farm Residents Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Highland Farm Residents Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers and allocates all its operational budget to its mission and administrative functions, rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Highland Farm Residents Corporation's IRS 990 filings:
- NTEE code P99 (Unknown) indicates a lack of specific categorization for its mission.
Strengths
The following positive indicators were identified for Highland Farm Residents Corporation:
- Consistent reporting of $0 officer compensation, indicating volunteer leadership.
- Strong financial stability with substantial assets and $0 liabilities across all filings.
- Consistent revenue streams over the past decade, demonstrating operational continuity.
Frequently Asked Questions about Highland Farm Residents Corporation
Is Highland Farm Residents Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Highland Farm Residents Corporation (EIN: 203484944) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Highland Farm Residents Corporation spend its money?
Highland Farm Residents Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Highland Farm Residents Corporation tax-deductible?
Highland Farm Residents Corporation is registered as a tax-exempt nonprofit (EIN: 203484944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Highland Farm Residents Corporation financially stable?
Yes, the organization appears financially stable, consistently reporting substantial assets (e.g., $585,487 in 2023) and $0 liabilities across all available filings, indicating a healthy balance sheet.
Does Highland Farm Residents Corporation pay its officers?
No, the organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting it is run by volunteers.
What is the primary purpose of Highland Farm Residents Corporation?
Based on the NTEE code P99 (Unknown), the specific primary purpose is not detailed in the provided data. However, the name suggests it serves residents of Highland Farm.
Filing History
IRS 990 filing history for Highland Farm Residents Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Highland Farm Residents Corporation's revenue has grown by 70.6%, moving from $97K to $166K. Total assets increased by 44% over the same period, from $407K to $585K. Total functional expenses rose by 67.6%, from $102K to $170K. In its most recent filing year (2023), Highland Farm Residents Corporation reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $170K | $585K | $0 | — | View 990 |
| 2022 | $165K | $183K | $573K | $0 | — | View 990 |
| 2021 | $160K | $174K | $682K | $0 | — | — |
| 2020 | $145K | $161K | $642K | $0 | — | View 990 |
| 2019 | $134K | $136K | $613K | $0 | — | View 990 |
| 2018 | $154K | $146K | $552K | $0 | — | View 990 |
| 2017 | $127K | $122K | $592K | $0 | — | View 990 |
| 2016 | $255K | $159K | $543K | $0 | — | View 990 |
| 2015 | $121K | $133K | $428K | $0 | — | View 990 |
| 2014 | $119K | $141K | $455K | $0 | — | View 990 |
| 2013 | $115K | $111K | $479K | $0 | — | View 990 |
| 2012 | $108K | $105K | $433K | $0 | — | View 990 |
| 2011 | $97K | $102K | $407K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $166K, expenses of $170K, and assets of $585K (revenue +0.2% year-over-year).
- 2022: Revenue of $165K, expenses of $183K, and assets of $573K (revenue +3.5% year-over-year).
- 2021: Revenue of $160K, expenses of $174K, and assets of $682K (revenue +10.5% year-over-year).
- 2020: Revenue of $145K, expenses of $161K, and assets of $642K (revenue +7.9% year-over-year).
- 2019: Revenue of $134K, expenses of $136K, and assets of $613K (revenue -13.1% year-over-year).
- 2018: Revenue of $154K, expenses of $146K, and assets of $552K (revenue +21.2% year-over-year).
- 2017: Revenue of $127K, expenses of $122K, and assets of $592K (revenue -50.2% year-over-year).
- 2016: Revenue of $255K, expenses of $159K, and assets of $543K (revenue +111.8% year-over-year).
- 2015: Revenue of $121K, expenses of $133K, and assets of $428K (revenue +1.1% year-over-year).
- 2014: Revenue of $119K, expenses of $141K, and assets of $455K (revenue +3.5% year-over-year).
- 2013: Revenue of $115K, expenses of $111K, and assets of $479K (revenue +6.7% year-over-year).
- 2012: Revenue of $108K, expenses of $105K, and assets of $433K (revenue +11.3% year-over-year).
- 2011: Revenue of $97K, expenses of $102K, and assets of $407K.
Data Sources and Methodology
This transparency report for Highland Farm Residents Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.