Horizon Housing Development Company
Horizon Housing Development Company shows consistent asset growth and no reported officer compensation, with fluctuating but generally increasing revenue.
EIN: 161671788 · Saint Louis, MO · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Horizon Housing Development Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon Housing Development Company directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Housing Development Company
Horizon Housing Development Company (EIN: 161671788) is a nonprofit organization based in Saint Louis, MO, classified under NTEE code L21. The organization reported total revenue of $2.3M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Housing Development Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Housing Development Company is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$268K |
| Total Assets | $2.1M |
| Total Liabilities | $401K |
| Net Assets | $1.7M |
| Operating Margin | 17.1% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2024, Horizon Housing Development Company reported a surplus of $268K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Horizon Housing Development Company's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.6% | -1.2% | +14.5% |
| 2023 | -49.7% | -49.6% | -7.8% |
| 2022 | +5.4% | +27.1% | -22.8% |
| 2021 | +161.8% | +115.4% | +43.4% |
| 2020 | +12.4% | +14.6% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horizon Housing Development Company with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Horizon Housing Development Company allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $268K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.3%.
Executive Compensation Analysis
Horizon Housing Development Company consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with revenues exceeding $1 million annually. This suggests either that all leadership roles are unpaid volunteers, or that compensation for key personnel is managed through a separate entity or mechanism not disclosed in the 'Officer Comp' field of these 990s.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Horizon Housing Development Company's IRS 990 filings:
- 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
The following positive indicators were identified for Horizon Housing Development Company:
- 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.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Horizon Housing Development Company spend its money?
Horizon Housing Development Company directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horizon Housing Development Company tax-deductible?
Horizon Housing Development Company is registered as a tax-exempt nonprofit (EIN: 161671788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horizon Housing Development Company CEO make?
Horizon Housing Development Company's highest-compensated officer earns $1 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizon Housing Development Company's spending goes to programs?
Horizon Housing Development Company directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon Housing Development Company compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizon Housing Development Company is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon Housing Development Company located?
Horizon Housing Development Company is headquartered in Saint Louis, Missouri and files with the IRS under EIN 161671788. It is classified under NTEE code L21.
How many years of IRS 990 filings does Horizon Housing Development Company have?
Horizon Housing Development Company has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
How does Horizon Housing Development Company manage executive compensation if 0% is reported across all filings?
The consistent reporting of 0% officer compensation across all filings, despite significant revenue, suggests that executive compensation may be handled through a related entity, or that key leadership roles are filled by unpaid volunteers. Further investigation into their organizational structure and related party transactions would be necessary to understand this fully.
What caused the significant revenue fluctuation, such as the drop from $2,445,702 in 202206 to $1,229,460 in 202306?
The IRS 990 data alone does not provide the specific reasons for such fluctuations. Potential causes could include changes in grant funding cycles, completion of specific development projects, or shifts in rental income. A review of their financial statements and narrative descriptions would be needed for clarity.
What is the primary source of Horizon Housing Development Company's revenue?
Based on the NTEE code L21 (Housing Development, Construction & Management), it is highly probable that their revenue primarily comes from rental income, property management fees, and potentially grants or government subsidies related to affordable housing projects. The 990 filings would detail these revenue streams in more depth.
Filing History
IRS 990 filing history for Horizon Housing Development Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Horizon Housing Development Company's revenue has grown by 174.6%, moving from $571K to $1.6M. Total assets increased by 38.7% over the same period, from $1.5M to $2.1M. Total functional expenses rose by 101.3%, from $646K to $1.3M. In its most recent filing year (2024), Horizon Housing Development Company reported a surplus of $268K, with revenue exceeding expenses. The organization holds $401K in liabilities against $2.1M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.6M | $1.3M | $2.1M | $401K | — | View 990 |
| 2023 | $1.2M | $1.3M | $1.8M | $406K | — | — |
| 2022 | $2.4M | $2.6M | $2.0M | $473K | — | View 990 |
| 2021 | $2.3M | $2.1M | $2.5M | $889K | — | View 990 |
| 2020 | $886K | $954K | $1.8M | $386K | — | View 990 |
| 2019 | $788K | $832K | $1.6M | $184K | — | View 990 |
| 2018 | $816K | $703K | $1.7M | $206K | — | — |
| 2017 | $757K | $783K | $1.4M | $18K | — | View 990 |
| 2016 | $728K | $811K | $1.5M | $45K | — | View 990 |
| 2015 | $908K | $764K | $1.5M | $16K | — | View 990 |
| 2014 | $727K | $706K | $1.4M | $11K | — | View 990 |
| 2013 | $590K | $739K | $1.3M | $9K | — | View 990 |
| 2012 | $571K | $646K | $1.5M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.6M, expenses of $1.3M, and assets of $2.1M (revenue +27.6% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $1.8M (revenue -49.7% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.6M, and assets of $2.0M (revenue +5.4% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.1M, and assets of $2.5M (revenue +161.8% year-over-year).
- 2020: Revenue of $886K, expenses of $954K, and assets of $1.8M (revenue +12.4% year-over-year).
- 2019: Revenue of $788K, expenses of $832K, and assets of $1.6M (revenue -3.4% year-over-year).
- 2018: Revenue of $816K, expenses of $703K, and assets of $1.7M (revenue +7.8% year-over-year).
- 2017: Revenue of $757K, expenses of $783K, and assets of $1.4M (revenue +4.0% year-over-year).
- 2016: Revenue of $728K, expenses of $811K, and assets of $1.5M (revenue -19.8% year-over-year).
- 2015: Revenue of $908K, expenses of $764K, and assets of $1.5M (revenue +24.8% year-over-year).
- 2014: Revenue of $727K, expenses of $706K, and assets of $1.4M (revenue +23.3% year-over-year).
- 2013: Revenue of $590K, expenses of $739K, and assets of $1.3M (revenue +3.2% year-over-year).
- 2012: Revenue of $571K, expenses of $646K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Housing Development Company:
Data Sources and Methodology
This transparency report for Horizon Housing Development Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.