Overview
What is Highland Rim Terrace Inc?
Highland Rim Terrace Inc is a nonprofit organization, established under Section 501(C)(3) of the United States Internal Revenue Code, situated in Portland, Tennessee. Its primary aim is to provide affordable housing for the senior citizen community. The organization has accomplished its first exempt purpose by offering 52 apartment units at an affordable price. Highland Rim Terrace acquired an interest in real property and constructed an apartment complex, adhering to Section 8-202 of the National Housing Act. The organization's operations include managing these units, ensuring they cater to the needs of senior residents. With a dedicated workforce of six individuals, Highland Rim Terrace continues to uphold its mission of providing affordable housing for the senior community in Portland, Tennessee.
Is Highland Rim Terrace Inc legitimate?
Highland Rim Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Rim Terrace Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $49,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,831
For more financial information, click here
What is the mission statement of Highland Rim Terrace Inc?
Highland Rim Terrace Inc, a nonprofit organization under Section 501(C)(3) of the United States Internal Revenue Code, is established with the primary objective of providing affordable housing for the senior citizen community. It accomplishes this by acquiring interest in real property and constructing an apartment complex comprising 52 units, adhering to Section 8-202 of the National Housing Act. The organization's mission is centered around offering affordable living spaces, contributing positively to the senior citizen community.
Who is the CEO of Highland Rim Terrace Inc?
Mark Rice is the Administrato of Highland Rim Terrace Inc.
What is the revenue of Highland Rim Terrace Inc?
Highland Rim Terrace Inc's revenue in 2022 was $464,769.
Who are the executives of Highland Rim Terrace Inc and what are their salaries?
The average compensation at Highland Rim Terrace Inc during 2022 was $20,334. There are 6 employees and 8 volunteers at Highland Rim Terrace Inc.
Here are 10 key members and their salaries:
- Debbie Brock (Administator) [Trustee/Director]
- Ed Lynn (Administrato) [Trustee/Director]
- Steve Haley (President) [Trustee/Director]
- George Crumley (Board Member) [Trustee/Director]
- Roger Schmidt (Board Member) [Trustee/Director]
- Steve Powers (Board Member) [Trustee/Director]
- Roy Drusky (Board Member) [Trustee/Director]
- Mike Littell (Board Member) [Trustee/Director]
- Dave Swatzell (Board Member) [Trustee/Director]
- Mike Hewitt (Board Member) [Trustee/Director]
Where can I find the form 990 for Highland Rim Terrace Inc?
The Highland Rim Terrace Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Highland Rim Terrace Inc
Highland Rim Terrace Inc, a nonprofit organization under Section 501(C)(3) of the United States Internal Revenue Code, was established with a clear mission. Its primary goal is to provide affordable housing for the senior citizen community. To achieve this, Highland Rim Terrace Inc acquires an interest in real property and constructs an apartment complex, housing 52 units. This complex operates under Section 8-202 of the National Housing Act, ensuring that it caters specifically to the needs of the elderly population. The organization's mission is commendable, aiming to enable seniors to live comfortably and affordably, thereby contributing positively to their overall well-being and quality of life.
Impact
This information is meant to be a general summary of Highland Rim Terrace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Highland Rim Terrace Inc's impact is centered around providing affordable housing for the senior citizen community in Portland, Tennessee. By acquiring real property and constructing an apartment complex with 52 units, the organization offers a vital resource for seniors in need of affordable living accommodations. This initiative addresses a crucial need within the community and contributes to the well-being and security of its senior residents.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$209,649
CABLE FEES
Revenue
$14,809
LAUNDRY AND VENDING REVENUE
Revenue
$3,809
MISCELLANEOUS
Revenue
$1,360
VACANCIES
Revenue
$-6,881
Organization Details
Founding Year
1995
Phone
(615) 325-3245
Principal Officer
Mark Rice
Main Address
100 WOODLAND DRIVE, PORTLAND, TN, 37148
NTEE Category
Code: L21 - Housing
If you are a representative of Highland Rim Terrace Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.