Horizon North Housing Inc
Horizon North Housing Inc. consistently operates with no officer compensation, showing a gradual asset decline over the past decade.
EIN: 201175398 · Saint Louis, MO · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $500K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $312K |
| Transparency Score | 85/100 |
Is Horizon North Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon North Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon North Housing Inc
Horizon North Housing Inc (EIN: 201175398) is a nonprofit organization based in Saint Louis, MO, classified under NTEE code P73. The organization reported total revenue of $385K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon North Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon North Housing Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $500K |
| Surplus / Deficit | $-69,823 |
| Total Assets | $1.6M |
| Total Liabilities | $1.3M |
| Net Assets | $312K |
| Operating Margin | -16.2% |
| Debt-to-Asset Ratio | 80.8% |
| Months of Reserves | 39.0 months |
Financial Health Grade: C
In 2023, Horizon North Housing Inc reported a deficit of $70K with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 80.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Horizon North Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.2% | +22.0% | -4.2% |
| 2022 | -12.6% | -5.6% | -3.6% |
| 2021 | +12.6% | +2.6% | -4.5% |
| 2020 | +3.6% | +1.0% | -1.2% |
| 2019 | +0.8% | +6.6% | -4.1% |
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 North Housing Inc 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 North Housing Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 80.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size with annual revenues around $300,000-$400,000.
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 North Housing Inc's IRS 990 filings:
- Consistent expenses exceeding revenue, indicating reliance on asset drawdowns
- Gradual decline in total assets over the past decade
Strengths
The following positive indicators were identified for Horizon North Housing Inc:
- Consistent 0% officer compensation, maximizing funds for mission
- Long history of IRS 990 filings, indicating transparency and compliance
- Stable revenue stream over the past decade
- Liabilities have remained relatively stable, suggesting controlled debt
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Horizon North Housing Inc spend its money?
Horizon North Housing Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horizon North Housing Inc tax-deductible?
Horizon North Housing Inc is registered as a tax-exempt nonprofit (EIN: 201175398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horizon North Housing Inc CEO make?
Horizon North Housing Inc's highest-compensated officer earns $300,000 annually. The organization reported $385K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizon North Housing Inc's spending goes to programs?
Horizon North Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon North Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizon North Housing Inc is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon North Housing Inc located?
Horizon North Housing Inc is headquartered in Saint Louis, Missouri and files with the IRS under EIN 201175398. It is classified under NTEE code P73.
How many years of IRS 990 filings does Horizon North Housing Inc have?
Horizon North Housing Inc has 12 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 $385K in total revenue.
Is Horizon North Housing Inc. a good charity?
Based on the available IRS 990 data, Horizon North Housing Inc. appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its consistent filing history also suggests good transparency.
Why are expenses consistently higher than revenue?
Expenses have consistently exceeded revenue in most reported periods (e.g., 2023 revenue $430,523 vs. expenses $500,346). This suggests the organization may be utilizing accumulated reserves or other non-revenue income sources to cover operational costs, which is sustainable as long as assets remain sufficient.
What is the trend in the organization's assets?
The organization's assets have shown a gradual decline over the past decade, from $2,167,753 in 2014 to $1,625,689 in 2023. This trend, coupled with expenses exceeding revenue, indicates a draw-down on reserves.
Filing History
IRS 990 filing history for Horizon North Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Horizon North Housing Inc's revenue has grown by 16.3%, moving from $370K to $431K. Total assets decreased by 29% over the same period, from $2.3M to $1.6M. Total functional expenses rose by 15.2%, from $434K to $500K. In its most recent filing year (2023), Horizon North Housing Inc reported a deficit of $70K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.6M in assets (debt-to-asset ratio: 80.8%), resulting in net assets of $312K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $431K | $500K | $1.6M | $1.3M | — | View 990 |
| 2022 | $344K | $410K | $1.7M | $1.3M | — | View 990 |
| 2021 | $394K | $434K | $1.8M | $1.3M | — | View 990 |
| 2020 | $350K | $423K | $1.8M | $1.4M | — | View 990 |
| 2019 | $337K | $419K | $1.9M | $1.3M | — | View 990 |
| 2018 | $335K | $393K | $1.9M | $1.3M | — | View 990 |
| 2017 | $330K | $386K | $2.0M | $1.3M | — | View 990 |
| 2016 | $362K | $417K | $2.1M | $1.3M | — | View 990 |
| 2015 | $373K | $425K | $2.1M | $1.3M | — | View 990 |
| 2014 | $364K | $415K | $2.2M | $1.3M | — | View 990 |
| 2013 | $348K | $411K | $2.2M | $1.3M | — | View 990 |
| 2012 | $370K | $434K | $2.3M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $431K, expenses of $500K, and assets of $1.6M (revenue +25.2% year-over-year).
- 2022: Revenue of $344K, expenses of $410K, and assets of $1.7M (revenue -12.6% year-over-year).
- 2021: Revenue of $394K, expenses of $434K, and assets of $1.8M (revenue +12.6% year-over-year).
- 2020: Revenue of $350K, expenses of $423K, and assets of $1.8M (revenue +3.6% year-over-year).
- 2019: Revenue of $337K, expenses of $419K, and assets of $1.9M (revenue +0.8% year-over-year).
- 2018: Revenue of $335K, expenses of $393K, and assets of $1.9M (revenue +1.6% year-over-year).
- 2017: Revenue of $330K, expenses of $386K, and assets of $2.0M (revenue -9.0% year-over-year).
- 2016: Revenue of $362K, expenses of $417K, and assets of $2.1M (revenue -2.9% year-over-year).
- 2015: Revenue of $373K, expenses of $425K, and assets of $2.1M (revenue +2.5% year-over-year).
- 2014: Revenue of $364K, expenses of $415K, and assets of $2.2M (revenue +4.7% year-over-year).
- 2013: Revenue of $348K, expenses of $411K, and assets of $2.2M (revenue -6.0% year-over-year).
- 2012: Revenue of $370K, expenses of $434K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon North Housing Inc:
Data Sources and Methodology
This transparency report for Horizon North Housing Inc 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.