HIGH POINT REALTY ASSOCIATES INC

EIN: 561917939 501(c)(3)

DURHAM, NC

Total Revenue
$1,131,282
Total Expenses
$34,985,861
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
NC
Principal Officer
RACHEL L SATTERFIELD
Phone
9196842006
Tax Period
2022-07-01 to 2023-02-28

HIGH POINT REALTY ASSOCIATES INC, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Expenses of $35.0M exceeded revenue, resulting in a 2993% operating deficit.

Mission

TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY FOR THE BENEFIT OF DUKE UNIVERSITY AND ITS AFFILIATES.

Program Service Accomplishments

Program 1
Expenses: $34,985,861 Revenue: $1,131,282

HIGH POINT REALTY ASSOCIATES, INC. WAS FORMED TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY FOR THE BENEFIT OF DUKE UNIVERSITY AND ITS AFFILIATES. RENTAL INCOME AND EXPENSE FROM SUCH HOLDING IS...

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HIGH POINT REALTY ASSOCIATES, INC. WAS FORMED TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY FOR THE BENEFIT OF DUKE UNIVERSITY AND ITS AFFILIATES. RENTAL INCOME AND EXPENSE FROM SUCH HOLDING IS REPORTED ON PART VIII, LINE 6.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $1,131,282
TOTAL REVENUE $1,131,282

Expense Breakdown

Grants Paid $34,963,361
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,985,861
Other Expenses $22,500
TOTAL EXPENSES $34,985,861

Year-over-Year Comparison

2022 2021 Change
Revenue $1,131,282 $-1,668,718 -1.7%
Expenses $34,985,861 $43,269 +807.6%
Net Income $-33,854,579 $-1,711,987 +18.8%
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

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Governance

Voting Members
4
Independent Members
N/A
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
4
$1,659,219
Total Directors
4
$1,659,219
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL L SATTERFIELD DIRECTOR/TREASURER 0.10
Officer Director
$0 $50,257 $561,492
SCOTT F SELIG DIRECTOR/SECRETARY 0.10
Officer Director
$0 $66,085 $463,123
VICTORIA L NEVOIS DIRECTOR/VICE PRESIDENT 0.10
Officer Director
$0 $45,270 $407,276
CONSTANCE BADGER DIRECTOR/PRESIDENT 0.10
Officer Director
$0 $36,705 $227,328
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
2023 $1,131,282 $34,985,861 No data $-33,854,579
2022 $-1,668,718 $43,269 $39,448,930 $-1,711,987
2021 $142,592 $946,156 $35,569,066 $-803,564
2020 $-111,209 $4,828,686 $37,211,144 $-4,939,895
2019 $1,521,332 $2,749,485 $41,311,725 $-1,228,153
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