Highland Community Development Corporation

Nonprofit profile at a glance

EIN
223154715
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2022
Location
Pittsford, NY, USA
Phone
5855867600
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$14,251,279
Expenses
$13,853,681
Assets
$47,287,994
Liabilities
$40,879,722

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • STEVEN I GOLDSTEIN (PRESIDENT & CEO)

Highest reported compensation

  • STEVEN I GOLDSTEIN (PRESIDENT & CEO): $1,591,441 total reported compensation
  • CARRIE FULLER-SPENCER (CFO): $724,357 total reported compensation
  • ROBERT MCCANN MD (BOARD MEMBER): $566,196 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

The purpose of highland community development corporation (d/b/a the highlands at pittsford, laurelwood at the highlands) ("the highlands") is to meet the special housing needs of elderly persons by operating a facility consisting of 236 units specifically designed to meet the physical, intellectual, emotional, psychosocial and spiritual needs of elderly persons, including, but not limited to, housing, equipment, furnishings, meals, programs and related services contributing to their health and well-being.36 cottages and 135 apartments are occupied by people who function independently but benefit from the security, companionship, educational and recreational opportunities available at our community. Residents enjoy restaurant-style meals, transportation to shopping and appointments, cultural and educational programming, fitness classes, housekeeping and home maintenance services, walking trails and gardens, as well as individualized assistance with meeting additional needs as they arise. In 2024, the highlands provided 20,121 days of care to 59 cottage residents and 55,190 days of care to 176 apartment residents.75 enriched housing apartments are also available, which include all of the services and amenities provided to independent apartment residents, as well as additional help with medication management, showering, dressing, and other personal services. These personal services are provided by personal care aides and nurses, and are designed to allow residents to function as independently as possible. Residents are afforded dignity and privacy, within an environment of companionship and recreational opportunities. In 2024, the highlands provided 22,925 days of care to 75 enriched housing and memory care apartment residents.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 65
  • Accountability: 93
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.7%; rating input score 72
  • Program expense ratio: 78.4%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 20th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 3.41; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 1.4% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 71.7% of revenue deployed · 78.4% of spending went to programs
  • Governance: 7 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.9M in reported program spending
  • Leadership: top reported pay $1.6M · 13 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 57 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.