Nonprofit · EIN 20-3484944
HIGHLAND FARM RESIDENTS CORPORATION
Tax-exempt · BLACK MTN, NC 28711
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $258,327 | $256,128 | $2,199 | $0 | $0 | $0 |
| December 31, 2023 | 990 | $165,554 | $170,290 | -$4,736 | $585,487 | $0 | $585,487 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $246,062
- Program service revenue
- $2,518
- Investment income
- $9,747
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,119
- Accounting fees
- $3,200
- Program services (functional)
- $246,444
- Management and general (functional)
- $9,684
Balance sheet and other
- Total assets, start of year
- $585,487
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $258,327
- Employees
- 0
- Volunteers
- 415
- Year formed
- 2004
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ann Carr Adkins | President Officer | 2 | $0 |
| Tom Kopp | Vice President Officer | 2 | $0 |
| Gene Schimpf | Treasurer Officer | 10 | $0 |
| Nancy Nachman | Secretary Officer | 2 | $0 |
| Jim McDowell | Board Member Trustee or director | 0 | $0 |
| Adiai Boyd | Board Member Trustee or director | 0 | $0 |
| Kate Schulz | Board Member Trustee or director | 0 | $0 |
| Albert Sperath | Board Member Trustee or director | 0 | $0 |
| Suzanne Sutherland | board Member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ann Carr Adkins | President Officer | 2 | $0 |
| Tom Kopp | Vice President Officer | 2 | $0 |
| Gene Schimpf | Treasurer Officer | 10 | $0 |
| Nancy Schuman | Secretary Officer | 2 | $0 |
| Jim McDowell | Board Member Trustee or director | 0 | $0 |
| Adiai Boyd | Board Member Trustee or director | 0 | $0 |
| Kate Schulz | Board Member Trustee or director | 0 | $0 |
| Albert Sperath | Board Member Trustee or director | 0 | $0 |
| Suzanne Sutherland | board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 TABERNACLE RD, BLACK MTN, NC 28711-2592
- In care of
- % WILLIAM H CHRISTY
- Principal officer (990 for 2024)
- Gene Schimpf, 341 Natures Bend, Black Mountain, NC 28711
- Signed the 990
- Gene Schimpf, Treasurer
- Phone
- (828) 686-0807
- Return prepared by
- CHERYL GARVY ACCOUNTING
Mission
To administer gifts and funds generated by residents for tmeporary financial support of residents in financial need, improving residents quality of life, and grants to local non-profit organizations.
Program accomplishments
- Admininstering funds generated by the residents and making grants to community non-profit organizations as determined by the Highland Farms Residents Corporation.Expenses $245,453 · revenue $246,062
- Funds for temporary financial support to residents in times of emergency financial need, upon terms and conditions as determined by the Board, and programs that enhance the quality of life. 00
- Other activities to benefit the residents such as gift shop, card shop, and thrift shop.Expenses $991
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3484944
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Income (IRS master file)
- $258,327
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $258,327 | $256,128 | $0 | XML |
| 990 | December 2023 | $165,554 | $170,290 | $585,487 | XML |
| 990 | December 2022 | $165,272 | $183,111 | $572,713 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3484944).
Questions about HIGHLAND FARM RESIDENTS CORPORATION
- What is the EIN of HIGHLAND FARM RESIDENTS CORPORATION?
- The employer identification number (EIN) of HIGHLAND FARM RESIDENTS CORPORATION is 20-3484944.
- Is HIGHLAND FARM RESIDENTS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to HIGHLAND FARM RESIDENTS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIGHLAND FARM RESIDENTS CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIGHLAND FARM RESIDENTS CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIGHLAND FARM RESIDENTS CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HIGHLAND FARM RESIDENTS CORPORATION?
- The 990 for the year ended December 31, 2024 names Gene Schimpf.
- Who are the officers and directors of HIGHLAND FARM RESIDENTS CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does HIGHLAND FARM RESIDENTS CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $258,327, expenses of $256,128 and total assets of $0 at year end.
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