HIGHLANDS COURT INC C/O UNDERHILL ASSOCIATES (EIN 310955903) - 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

1978

Legal Domicile

Principal Officer

DENISE BROWN-CORNELIUS

Phone

5024513695

Tax Period

2023-07-01 to 2023-12-31

HIGHLANDS COURT INC C/O UNDERHILL ASSOCIATES, founded in 1978, is a small nonprofit in the Unknown sector that reported $287K in total revenue in fiscal year 2023. Revenue surged 1050% from the prior year, signaling strong growth momentum. Expenses of $267K left a modest 7% surplus.

Mission

PROVIDE SUBSIDIZED HOUSING FOR VERY LOW INCOME ELDERLY OR DISABLED INDIVIDUALS.

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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 $0

Program Service Revenue $285,599

Investment Income $0

Other Revenue $1,558

TOTAL REVENUE $287,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,807

Other Expenses $267,419

TOTAL EXPENSES $267,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,157	$24,962	+10.5%
Expenses	$267,419	$12,515	+20.4%
Net Income	$19,738	$12,447	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE BROWN-CORNELIUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TROY BURDEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN PFAADT	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM J STEWART	DIRECTOR	1.00	Director	$0	$0	$0
GABRI WARREN	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL LOVE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KISSEL	DIRECTOR	1.00	Director	$0	$0	$0
LINDA BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
TONYA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE MAXIE	DIRECTOR	1.00	Director	$0	$0	$0
JULIA SENN-REEVES	DIRECTOR	1.00	Director	$0	$0	$0
HARRY BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HARTMANN	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN CRAFT	DIRECTOR	1.00	Director	$0	$0	$0
RAY BRUNDIGE	DIRECTOR	1.00	Director	$0	$0	$0

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	$24,962	$12,515	$3,010,951	$12,447
2023	$287,157	$267,419	$6,522,343	$19,738
2022	$24,963	$26,565	$2,998,504	$-1,602
2021	$24,907	$26,515	$3,000,106	$-1,608
2020	$24,951	$31,265	$3,031,714	$-6,314

HIGHLANDS COURT INC C/O UNDERHILL ASSOCIATES