Highlands Resident Asistance Fund Inc

Highlands Resident Assistance Fund Inc maintains strong assets and zero executive compensation, demonstrating financial stability and mission focus.

EIN: 10526962 · Topsham, ME · NTEE: P81 · Updated: 2026-03-28

$326KRevenue

$1.7MAssets

95/100Mission Score (Excellent)

P81

About Highlands Resident Asistance Fund Inc

Highlands Resident Asistance Fund Inc (EIN: 10526962) is a nonprofit organization based in Topsham, ME, classified under NTEE code P81. The organization reported total revenue of $326K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highlands Resident Asistance Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Highlands Resident Assistance Fund Inc demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization maintains a very strong asset base relative to its annual expenses, with assets of $1,504,961 in 2023 against expenses of $66,860. This substantial reserve indicates long-term financial stability. The organization's spending efficiency appears high, with no reported officer compensation across all available filings, suggesting that resources are directed towards programs rather than administrative overhead. While specific program spending percentages aren't detailed in the provided summary, the absence of officer compensation is a strong indicator of efficient resource allocation. The consistent growth in assets over the years, from $431,959 in 2012 to over $1.5 million in 2023, further underscores its sound financial management and ability to retain and grow its capital.

The organization's revenue has fluctuated over the years, with a notable peak of $238,378 in 2015 and a more recent $61,837 in 2023. Despite these fluctuations, expenses have remained relatively low and stable, ensuring that the organization does not overspend its means. The consistent reporting of zero liabilities across all periods is a significant strength, indicating a debt-free operation. This financial prudence, combined with the lack of executive compensation, points to a highly transparent and mission-focused entity. The NTEE code P81 (Housing/Shelter) aligns with its name, suggesting a clear programmatic focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Highlands Resident Asistance Fund Inc with a Mission Score of 95 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, Highlands Resident Asistance Fund Inc 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

The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly unusual for a nonprofit of its size and asset base and suggests a volunteer-led or extremely lean operational model.

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.

Strengths

The following positive indicators were identified for Highlands Resident Asistance Fund Inc:

Consistent growth in assets, from $431,959 in 2012 to $1,504,961 in 2023, demonstrating strong financial management.
Zero reported liabilities across all filings, indicating a debt-free and financially secure operation.
0% officer compensation reported in all filings, suggesting highly efficient use of funds and a volunteer-driven leadership.
Substantial asset base ($1,504,961 in 2023) relative to annual expenses ($66,860 in 2023), providing significant financial stability.
Low and stable expenses over time, indicating prudent spending habits.

Frequently Asked Questions about Highlands Resident Asistance Fund Inc

How does Highlands Resident Assistance Fund Inc manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that the organization is either entirely volunteer-run at the executive level or that any administrative costs are absorbed into other expense categories without being classified as officer compensation. This is a significant indicator of efficiency.

What specific programs does Highlands Resident Assistance Fund Inc fund with its assets?

Based on its NTEE code P81 (Housing/Shelter) and name, the organization likely focuses on providing assistance to residents, potentially related to housing or other essential needs. However, the provided data does not detail specific program expenditures.

Is the organization's fluctuating revenue a concern for its long-term stability?

While revenue fluctuates, the organization's substantial and growing asset base (from $431,959 in 2012 to $1,504,961 in 2023) and consistently low expenses mitigate concerns about revenue volatility, indicating strong financial reserves to weather lean periods.

Filing History

IRS 990 filing history for Highlands Resident Asistance Fund Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Highlands Resident Asistance Fund Inc's revenue has grown by 71.8%, moving from $36K to $62K. Total assets increased by 290.7% over the same period, from $385K to $1.5M. Total functional expenses rose by 381.4%, from $14K to $67K. In its most recent filing year (2023), Highlands Resident Asistance Fund Inc reported a deficit of $5K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$62K	$67K	$1.5M	$0	—	—
2022	$88K	$65K	$1.4M	$0	—	View 990
2021	$51K	$61K	$1.6M	$0	—	View 990
2020	$126K	$51K	$1.4M	$0	—	—
2019	$55K	$50K	$1.2M	$0	—	View 990
2018	$85K	$47K	$1.0M	$0	—	View 990
2016	$100K	$32K	$859K	$0	—	View 990
2015	$238K	$15K	$770K	$0	—	View 990
2013	$97K	$14K	$515K	$0	—	View 990
2012	$44K	$17K	$432K	$0	—	View 990
2011	$36K	$14K	$385K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $62K, expenses of $67K, and assets of $1.5M (revenue -29.6% year-over-year).
2022: Revenue of $88K, expenses of $65K, and assets of $1.4M (revenue +72.6% year-over-year).
2021: Revenue of $51K, expenses of $61K, and assets of $1.6M (revenue -59.6% year-over-year).
2020: Revenue of $126K, expenses of $51K, and assets of $1.4M (revenue +127.5% year-over-year).
2019: Revenue of $55K, expenses of $50K, and assets of $1.2M (revenue -34.7% year-over-year).
2018: Revenue of $85K, expenses of $47K, and assets of $1.0M (revenue -15.1% year-over-year).
2016: Revenue of $100K, expenses of $32K, and assets of $859K (revenue -58.1% year-over-year).
2015: Revenue of $238K, expenses of $15K, and assets of $770K (revenue +146.0% year-over-year).
2013: Revenue of $97K, expenses of $14K, and assets of $515K (revenue +120.9% year-over-year).
2012: Revenue of $44K, expenses of $17K, and assets of $432K (revenue +21.9% year-over-year).
2011: Revenue of $36K, expenses of $14K, and assets of $385K.

Data Sources and Methodology

This transparency report for Highlands Resident Asistance Fund Inc 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.