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Highland Terrace of Prestonsburg Inc.

Highland Terrace of Prestonsburg Inc.

Prestonsburg, KY 41653
Tax ID61-0966651

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About this organization

Revenue

$699,671

Expenses

$649,710

Mission

The mission of Highland Terrace of Prestonsburg, Inc. is to provide decent, safe, sanitary, and affordable housing to extremely low, very low and low income elderly individuals.

About

Highland Terrace of Prestonsburg, Inc. rents 80 apartments to the elderly. HUD regulates eligibility criteria and subsidized monthly rent charges. For the year ended June 30, 2018, HUD provided 406,531 in housing assistance payments, which represents 59% of total annual revenues.

Interesting data from their 2020 990 filing

The filing reveals the mission of the non-profit as “The mission of highland terrace of prestonsburg, inc. is to provide decent, safe, sanitary, and affordable housing to extremely low, very low and low income elderly individuals.”.

When detailing its functions, they were listed as: “The mission of highland terrace of prestonsburg, inc. is to provide decent, safe, sanitary, and affordable housing to extremely low, very low and low income elderly individuals.”.

  • According to the law, the state where the non-profit operates has been reported as KY.
  • The filing specifies that the non-profit's address in 2020 was 34 MAYS BRANCH, PRESTONSBURG, KY, 41653.
  • As of 2020, the non-profit's form shows they have a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $49,961.
  • The remuneration plan for the CEO of the organization is not based on a review and endorsement process by an independent body.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 8 independent voting members.
  • The organization was formed in 1968.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $129,400 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

Additional Non-Profits in the area

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