HIGHLAND MANOR APARTMENTS INC (EIN 300144947) - 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

2002

Legal Domicile

Principal Officer

TYLER CRAFT

Phone

9198324345

Tax Period

2024-07-01 to 2025-06-30

HIGHLAND MANOR APARTMENTS INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $264K in total revenue in fiscal year 2024. Expenses of $311K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERON THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

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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 (2024)

Revenue Breakdown

Contributions & Grants $152,789

Program Service Revenue $102,426

Investment Income $7,740

Other Revenue $798

TOTAL REVENUE $263,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,963

Other Expenses $311,488

TOTAL EXPENSES $311,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,753	$244,812	+0.1%
Expenses	$311,488	$282,724	+0.1%
Net Income	$-47,735	$-37,912	+0.3%

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

N/A

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

$1,088,194

Total Directors

Key Employees

$174,668

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER CRAFT	CHAIR	0.50	Officer Director	$0	$0	$0
JORDAN MANESS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BETSY ROZAKIS	MEMBER	0.50	Director	$0	$0	$0
GORDON GRUBB	MEMBER	0.50	Director	$0	$0	$0
MEGHAN MELLOY	MEMBER	0.50	Director	$0	$0	$0
YOLANDA WINSTEAD	PRESIDENT	0.50	Officer	$0	$16,974	$301,740
SHARON LORDEN	VICE PRESIDENT	0.50	Officer	$0	$14,372	$236,272
NATALIE BRITT	VICE PRESIDENT	0.50	Officer	$0	$10,636	$216,965
WILLIAM WARD	TREASURER	0.50	Officer	$0	$7,392	$188,228
SHEILA PORTER	VP OF HOMEOWNERSHIP CENTER	0.50	Officer	$0	$13,687	$144,989
ATINUKE DIVER	VP OF IMPACT	0.50	Key Emp	$0	$9,192	$174,668
KAYLA ROSENBURG	DIRECTOR OF ENTERPRISE S&D	0.50	Highest	$0	$5,906	$151,089
JOSEPH OMOZOKPEA	SENIOR PROJECT MANAGER	0.50	Highest	$0	$8,719	$132,728
PATRICIA ROPER	ACCOUNTING AND BENEFITS MANAGER	0.50	Highest	$0	$18,152	$127,940
TIMOTTHY FISHER	SENIOR PROJECT MANAGER	0.50	Highest	$0	$7,292	$128,003
PATRICK NERZ	SENIOR PROJECT MANAGER	0.50	Highest	$0	$7,202	$127,508

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
2025	$263,753	$311,488	$1,793,218	$-47,735
2024	$244,812	$282,724	$1,835,595	$-37,912
2023	$230,815	$299,717	$1,867,947	$-68,902
2022	$226,338	$276,056	$1,935,534	$-49,718
2021	$229,662	$280,977	$1,984,540	$-51,315
2020	$215,434	$274,561	$2,042,599	$-59,127
2019	$216,833	$251,807	$2,112,687	$-34,974

HIGHLAND MANOR APARTMENTS INC