Is Horizon North Housing Inc Legit? —…

Spending Breakdown

How Horizon North Housing Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 North Housing Inc

Is Horizon North Housing Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Horizon North Housing Inc (EIN: 201175398) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Horizon North Housing Inc a good charity to donate to?

Horizon North Housing Inc has a Mission Score of 85/100. Revenue: $385K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Horizon North Housing Inc?

The Employer Identification Number (EIN) for Horizon North Housing Inc is 201175398. 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 North Housing Inc spend its money?

Horizon North Housing Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Horizon North Housing Inc's tax-exempt status?

You can verify Horizon North Housing Inc's tax-exempt status using EIN 201175398 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 North Housing Inc. demonstrates consistent financial operations focused on its mission of providing housing. Over the past decade, the organization has maintained a stable revenue stream, averaging around $350,000-$400,000 annually, with expenses generally exceeding revenue, indicating a reliance on existing assets or specific funding cycles not fully captured by annual revenue figures. The organization's assets have shown a gradual decline from $2,167,753 in 2014 to $1,625,689 in 2023, while liabilities have remained relatively stable, suggesting a controlled use of reserves rather than accumulating significant new debt. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards programs and operational needs rather than executive salaries, which is a positive indicator of financial stewardship and transparency.

Spending efficiency appears to be a core focus, given the absence of executive compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial pattern suggests that the majority of expenses are likely directed towards the organization's housing programs. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to transparency and regulatory compliance. The organization's financial health, while showing a decrease in total assets over time, appears stable within its operational model, supported by consistent revenue and controlled liabilities.

Is Horizon North Housing Inc Legit?

Verdict: Horizon North Housing Inc appears trustworthy

Red Flags

Strengths