Highland Springs Inc
86% goes to programs $0 to raise $100 Thin reserves Growing revenue
Highland Springs Inc is a 501(c)(3) organization based in Catonsville, Maryland, registered in 2008, with $76,031,216 in FY2024 revenue. CharityIndex grades it C, and it directs about 86% of spending to programs.
813 Maiden Choice Ln, Catonsville, MD, 21228 EIN 51-0536892 Since 2008
Revenue (FY2024)
$76.0M
▲ 14.6% vs prior year
Housing median: $408K
Expenses (FY2024)
$86.6M
Net assets
-$55.9M
Employees
1,080
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating86% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Highland Springs Inc: 86% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Highland Springs Inc: 0 mo reserves · -14% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Highland Springs Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Highland Springs Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide a home for seniors that satisfies their three primary needs.
Contact & location
- Address
- 813 Maiden Choice Ln, Catonsville, MD, 21228
- City
- Catonsville
- State
- Maryland
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.7M (FY2013) to $76.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $413.8MNet assets -$55.9M
Operating margin
-13.9%
Spent more than it raised in the latest fiscal year.
Total assets
$358.0M
Total liabilities
$413.8M
Net assets
-$55.9M
Salaries & benefits
$30.4M
35% of expenses
Board members
13
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,031,216▲14.6% | $86,636,647▲18.4% | -$55,856,448▼22.9% | $357,952,382▲14.0% | 990 |
| 2023 | $66,317,152▼11.5% | $73,143,444▼15.9% | -$45,439,894▼4.7% | $313,956,608▼42.2% | 990 |
| 2022 | $74,898,649▲13.9% | $86,992,844▲18.9% | -$43,400,242▼40.0% | $543,369,660▲6.3% | 990 |
| 2021 | $65,778,330▲11.2% | $73,139,571▲21.8% | -$31,004,145▼31.8% | $511,119,867▲22.8% | 990 |
| 2020 | $59,130,598▲6.5% | $60,040,576▼2.6% | -$23,529,149▲0.3% | $416,123,640▲17.7% | 990 |
| 2019 | $55,496,520▲12.3% | $61,624,464▲18.8% | -$23,607,843▼36.0% | $353,585,930▲3.1% | 990 |
| 2018 | $49,435,862▲13.2% | $51,870,035▲2.5% | -$17,361,101▼16.5% | $342,903,947▲20.7% | 990 |
| 2017 | $43,653,828▲11.8% | $50,594,339▲20.7% | -$14,897,456▼87.4% | $284,183,868▲7.9% | 990 |
| 2016 | $39,040,526▲12.2% | $41,921,244▲12.3% | -$7,949,819▼57.0% | $263,409,513▲17.2% | 990 |
| 2015 | $34,785,720▲15.2% | $37,317,922▲18.4% | -$5,062,057▼100% | $224,712,142▲30.2% | 990 |
| 2014 | $30,189,317▲13.0% | $31,529,332▲5.0% | -$2,527,840▼114% | $172,621,738▼1.2% | 990 |
| 2013 | $26,710,845 | $30,021,774▲30.4% | -$1,181,725▼121% | $174,783,559 | 990 |
| 2012 | — | $23,026,076▲7.2% | $5,709,662▼14.7% | $174,842,125▲6.5% | 990 |
| 2011 | — | $21,484,963▲10.3% | $6,694,556▼26.4% | $164,176,658▲2.0% | 990 |
| 2010 | — | $19,475,166 | $9,092,621 | $161,004,122 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Neville — $275,215 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Neville | Executive Director | 40 | $275,215 |
| Molly Mann | Manager, Sales | 40 | $168,154 |
| Jerri Lamson | Sales Counselor | 40 | $167,426 |
| Cindy Gay | Planning and Moving Consultant | 40 | $166,321 |
| Terese Shiels | Sales Counselor | 40 | $164,766 |
| Kevin Adamic | Director, Finance | 40 | $131,027 |
| Rachel Hankins | Nurse Practitioner, Eh&wb | 40 | $123,984 |
| Barbara C Bisgaier | Director | 0.1 | — |
| Eileen G Erstad | Treasurer | 0.1 | — |
| Ian Brown | Director | 0.1 | — |
| John Hall | Assistant Treasurer (beg 4/1/24) | 1 | — |
| Katherine Clupper | Director (beg 4/1/24) | 0.1 | — |
| Mark Embley | Assistant Treasurer | 1 | — |
| Mary D Colins | Secretary | 0.1 | — |
| Mary Moscato | Director (beg 4/1/24) | 0.1 | — |
| Michael W Roskiewicz | Vice Chair & Vice President | 0.1 | — |
| Monty C Leonard | Director | 0.1 | — |
| Neal Gantert | Assistant Treasurer (beg 4/1/24) | 1 | — |
| Pamela D Paulk | Chair & President | 1.2 | — |
| Pamela Stiner | Assistant Treasurer (beg 4/1/24) | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Erickson Senior Living LLC | Management - See Sch. O | $9,781,902 |
| Amc Construction | Construction Contractor | $2,742,945 |
| Carbonated Solutions LLC | Contractor | $1,865,653 |
| Southern Botanical Inc | Landscaping | $1,260,983 |
| Dynamic Systems Inc | Plumbing/mechanical Contractor | $803,600 |
Grants received · $27K total
3 grants to Highland Springs Inc totaling $27K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $7,000 |
| Oklahoma City Community Foundation Inc | General purposes | 2018 | $10,000 |
Grants made · $18K in FY2024
1 grant totaling $18K in FY2024. All grants made by Highland Springs Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Alzheimers Disease and Related Disorders Association Inc | General support | $18,100 |
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Frequently asked questions
- Is Highland Springs Inc a legitimate nonprofit?
- Yes. Highland Springs Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0536892, based in Catonsville, Maryland. Donations are tax-deductible.
- What is Highland Springs Inc's EIN?
- Highland Springs Inc's Employer Identification Number (EIN) is 51-0536892.
- How much revenue does Highland Springs Inc report?
- Highland Springs Inc reported $76,031,216 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Highland Springs Inc's spending goes to programs?
- Highland Springs Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Highland Springs Inc have?
- CharityIndex grades Highland Springs Inc C, based on program efficiency and fundraising cost.
- How much does Highland Springs Inc's highest-paid employee make?
- The highest reported compensation on Highland Springs Inc's latest Form 990 is $275,215, paid to Matthew Neville (Executive Director).
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Data for Highland Springs Inc (EIN 51-0536892) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.