Horizon Independent Living Corporation Ii
Horizon Independent Living Corporation II reports zero revenue and expenses in latest filing, indicating operational dormancy or cessation.
EIN: 200741421 · Hot Springs, AR · NTEE: L22 · Updated: 2026-03-28
Is Horizon Independent Living Corporation Ii Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horizon Independent Living Corporation Ii
Horizon Independent Living Corporation Ii (EIN: 200741421) is a nonprofit organization based in Hot Springs, AR, classified under NTEE code L22. The organization reported total revenue of $0 and total assets of $824K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Independent Living Corporation Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Independent Living Corporation Ii is a micro nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2012–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -100.0% | +0.0% |
| 2021 | -70.9% | -18.8% | -6.9% |
| 2020 | -0.4% | -4.4% | -1.8% |
| 2019 | +0.0% | +0.0% | -2.4% |
| 2018 | +3.1% | -1.7% | -2.0% |
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 Independent Living Corporation Ii with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Horizon Independent Living Corporation Ii allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led board or that key leadership roles are unpaid, which is unusual for an organization with over $800,000 in assets.
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 Independent Living Corporation Ii's IRS 990 filings:
- Zero revenue and expenses in the latest 202206 filing, indicating potential dormancy or cessation of operations.
- Consistent deficit spending in prior years (expenses exceeding revenue), leading to a steady decline in assets.
- Significant decrease in assets from over $1 million in 2014 to $824,068 in 2022, without clear program expenditures in the latest year.
- Unexplained sudden halt in all financial activity after years of consistent, albeit modest, operations.
Strengths
The following positive indicators were identified for Horizon Independent Living Corporation Ii:
- Consistent filing of IRS Form 990s, demonstrating a history of compliance.
- No reported officer compensation across all filings, indicating a potentially volunteer-driven leadership structure or very low administrative overhead in that specific area.
Frequently Asked Questions about Horizon Independent Living Corporation Ii
Is Horizon Independent Living Corporation Ii a legitimate charity?
Based on AI analysis of IRS 990 filings, Horizon Independent Living Corporation Ii (EIN: 200741421) significant concerns. Mission Score: 20/100. 4 red flags identified, 2 strengths noted.
How does Horizon Independent Living Corporation Ii spend its money?
Detailed spending breakdown data is not yet available for Horizon Independent Living Corporation Ii. Check back for updated IRS 990 analysis.
Are donations to Horizon Independent Living Corporation Ii tax-deductible?
Horizon Independent Living Corporation Ii is registered as a tax-exempt nonprofit (EIN: 200741421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Horizon Independent Living Corporation II report $0 in both revenue and expenses in its 202206 filing?
The provided data does not offer an explanation for the sudden cessation of all financial activity in the latest filing period. This could indicate dormancy, a significant operational change, or an error in reporting.
Is Horizon Independent Living Corporation II still actively operating and delivering on its mission?
Based on the 202206 filing showing $0 revenue and expenses, it is highly unlikely the organization is actively operating or delivering programs. Further investigation beyond the provided 990 data would be needed to confirm its current status.
What caused the consistent annual deficit spending where expenses exceeded revenue in prior years?
From 2013 to 2021, expenses consistently outpaced revenue by approximately $20,000-$30,000 annually. This deficit spending likely contributed to the gradual decline in assets from over $1 million to $824,068, suggesting the organization was drawing down its reserves to cover operational costs.
How does the organization sustain itself with no reported revenue in the latest period?
With $0 revenue reported in 2022, the organization cannot sustain itself through operations. Its continued existence with $824,068 in assets suggests it might be liquidating assets, holding funds for future use, or is effectively dormant.
Filing History
IRS 990 filing history for Horizon Independent Living Corporation Ii showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Horizon Independent Living Corporation Ii's revenue has declined by 100%, moving from $102K to $0. Total assets decreased by 21.8% over the same period, from $1.1M to $824K. Total functional expenses fell by 100%, from $112K to $0. The organization holds $47K in liabilities against $824K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $777K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $0 | $0 | $824K | $47K | — | — |
| 2021 | $33K | $106K | $824K | $47K | — | — |
| 2020 | $114K | $131K | $886K | $35K | — | View 990 |
| 2019 | $115K | $137K | $902K | $35K | — | View 990 |
| 2018 | $115K | $137K | $924K | $35K | — | View 990 |
| 2017 | $111K | $139K | $943K | $32K | — | View 990 |
| 2016 | $112K | $131K | $968K | $29K | — | View 990 |
| 2015 | $109K | $132K | $988K | $30K | — | View 990 |
| 2014 | $112K | $134K | $1.0M | $28K | — | View 990 |
| 2013 | $102K | $128K | $1.0M | $31K | — | View 990 |
| 2012 | $102K | $112K | $1.1M | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $0, expenses of $0, and assets of $824K (revenue -100.0% year-over-year).
- 2021: Revenue of $33K, expenses of $106K, and assets of $824K (revenue -70.9% year-over-year).
- 2020: Revenue of $114K, expenses of $131K, and assets of $886K (revenue -0.4% year-over-year).
- 2019: Revenue of $115K, expenses of $137K, and assets of $902K (revenue +0.0% year-over-year).
- 2018: Revenue of $115K, expenses of $137K, and assets of $924K (revenue +3.1% year-over-year).
- 2017: Revenue of $111K, expenses of $139K, and assets of $943K (revenue -0.2% year-over-year).
- 2016: Revenue of $112K, expenses of $131K, and assets of $968K (revenue +2.1% year-over-year).
- 2015: Revenue of $109K, expenses of $132K, and assets of $988K (revenue -2.3% year-over-year).
- 2014: Revenue of $112K, expenses of $134K, and assets of $1.0M (revenue +9.7% year-over-year).
- 2013: Revenue of $102K, expenses of $128K, and assets of $1.0M (revenue -0.3% year-over-year).
- 2012: Revenue of $102K, expenses of $112K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Independent Living Corporation Ii:
Data Sources and Methodology
This transparency report for Horizon Independent Living Corporation Ii 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.