Quick charity verification for Horizon Housing Development Company (EIN: 161671788)
Verdict: Horizon Housing Development Company appears trustworthy
85/100Mission Score
$2.3MRevenue
$2.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is routed through a related party or not fully disclosed.
Significant year-over-year revenue fluctuations without immediate explanation in the provided data (e.g., $2.4M in 202206 to $1.2M in 202306).
Strengths
Consistent growth in assets over time, indicating financial stability and capacity.
Liabilities are consistently well-managed and significantly lower than assets, demonstrating a healthy balance sheet.
Positive net assets in most periods, showing the organization is building equity.
No reported officer compensation suggests a strong commitment to program spending, assuming compensation is not hidden.
Spending Breakdown
How Horizon Housing Development Company allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Horizon Housing Development Company
Is Horizon Housing Development Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Horizon Housing Development Company (EIN: 161671788) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Horizon Housing Development Company a good charity to donate to?
Horizon Housing Development Company has a Mission Score of 85/100. Revenue: $2.3M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horizon Housing Development Company?
The Employer Identification Number (EIN) for Horizon Housing Development Company is 161671788. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Horizon Housing Development Company spend its money?
Horizon Housing Development Company allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horizon Housing Development Company's tax-exempt status?
You can verify Horizon Housing Development Company's tax-exempt status using EIN 161671788 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Horizon Housing Development Company demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. For instance, in the latest 202406 period, assets were $2,073,199 against liabilities of $400,677. The organization's revenue has fluctuated, showing a significant increase from $885,998 in 202006 to $1,568,929 in 202406, indicating growth in its operations or funding. Expense management appears reasonable, with expenses generally tracking revenue, though some periods like 202206 saw expenses ($2,610,602) slightly exceed revenue ($2,445,702). The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission and indicates good transparency regarding executive pay practices, or that executive compensation is handled through a related entity not reflected in these specific filings.