HIGHLAND COMMUNITY DEVELOPMENT CORPORATION (EIN 223154715) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

CARRIE FULLER-SPENCER

Phone

5855867600

Tax Period

2023-01-01 to 2023-12-31

HIGHLAND COMMUNITY DEVELOPMENT CORPORATION, founded in 1991, is a mid-sized nonprofit in the Human Services sector that reported $12.9M in total revenue in fiscal year 2023.

Mission

HIGHLAND COMMUNITY DEVELOPMENT CORPORATION (D/B/A THE HIGHLANDS AT PITTSFORD, LAURELWOOD AT THE HIGHLANDS) ('THE HIGHLANDS') IS A NOT-FOR-PROFIT SENIOR LIVING COMMUNITY EXPERIENCED IN DELIVERING DISTINCTIVE SERVICES WITHIN A CONTINUUM OF LIVING. WE ARE COMMITTED TO PROVIDING RESIDENTS WITH THE FREEDOM TO STRIVE FOR THEIR PERSONAL BEST. THE HIGHLANDS OFFERS THE OPPORTUNITY FOR A FULFILLED LIFESTYLE BY ENCOURAGING CONTINUED PERSONAL GROWTH IN AN ENVIRONMENT OF MUTUAL RESPECT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $139,668

Program Service Revenue $11,984,641

Investment Income $757,247

Other Revenue $8,149

TOTAL REVENUE $12,889,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,281,455

Fundraising Expenses $0

Program Expenses $10,484,136

Other Expenses $6,956,248

TOTAL EXPENSES $13,237,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,889,705	$11,935,086	+0.1%
Expenses	$13,237,703	$12,249,624	+0.1%
Net Income	$-347,998	$-314,538	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

251

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,521,687

Total Directors

$571,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL P RIORDAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH GARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM J HALL MD	BOARD MEMBER	1.00	Director	$0	$321	$321
ROBERT LATELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBBIE MAGEE	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD VAN STRYDONK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MCCANN MD	BOARD MEMBER	1.00	Director	$0	$69,444	$571,354
VALERIE C BENJAMIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN I GOLDSTEIN	PRESIDENT & CEO	1.00	Officer	$0	$214,557	$1,848,105
CARRIE FULLER-SPENCER	CFO	1.00	Officer	$0	$90,963	$673,582
ELIZABETH NESSLE	SR DIRECTOR OF LTC FINANCIAL SERVICES	45.00	Highest	$121,654	$26,501	$148,155
LLOYD THEISS	ADMINISTRATOR	45.00	Highest	$188,657	$23,465	$212,122
MARIA SOMMERVILLE	DIRECTOR OF SALES AND MARKETING	45.00	Highest	$102,258	$17,661	$119,919

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$12,889,705	$13,237,703	$45,050,143	$-347,998
2022	$11,935,086	$12,249,624	$44,740,393	$-314,538
2021	$11,392,541	$11,426,749	$48,042,607	$-34,208
2020	$11,633,838	$11,338,709	$45,884,062	$295,129
2019	$12,056,327	$11,162,250	$45,159,697	$894,077
2018	$11,377,578	$11,225,153	$44,172,879	$152,425

HIGHLAND COMMUNITY DEVELOPMENT CORPORATION