Highland Rim Terrace Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621211016 ✦ Portland, TN ✦ Designated as a 501(c)(3)

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?
Who is the CEO of Highland Rim Terrace Inc?
What is the revenue of Highland Rim Terrace Inc?
Who are the executives of Highland Rim Terrace Inc and what are their salaries?
Where can I find the form 990 for Highland Rim Terrace Inc?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $47
  • Program Service Revenue: $222,746
  • Gross Receipts: $464,769

    • Assets and Liabilities:
  • Total Assets: $649,205
  • Total Liabilities: $1,142,053
  • Net Assets: -$492,848
  • 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

    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.