Horizon Village Inc
Horizon Village Inc. reports a $671,816 deficit in 2023, following years of tight financial margins.
EIN: 161406204 · Getzville, NY · NTEE: Z99 · Updated: 2026-03-28
Is Horizon Village Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon Village Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Village Inc
Horizon Village Inc (EIN: 161406204) is a nonprofit organization based in Getzville, NY, classified under NTEE code Z99. The organization reported total revenue of $23.7M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Village Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Village Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.7M |
| Total Expenses | $23.4M |
| Surplus / Deficit | $-671,816 |
| Total Assets | $16.6M |
| Total Liabilities | $17.2M |
| Net Assets | $-564,139 |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 103.4% |
| Months of Reserves | 8.5 months |
Financial Health Grade: C
In 2023, Horizon Village Inc reported a deficit of $672K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 103.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizon Village Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +6.3% | -6.2% |
| 2022 | +20.7% | +15.5% | -9.2% |
| 2021 | +0.3% | +1.0% | +15.5% |
| 2020 | +8.2% | +3.4% | -0.5% |
| 2019 | +2.8% | +13.2% | -17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Village Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Horizon Village Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $672K, with expenses exceeding revenue.
- Debt-to-asset ratio: 103.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, which is highly unusual for an entity with revenues exceeding $20 million, suggesting either volunteer leadership or compensation structured in a way not reported as officer pay.
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 Village Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2023 filing by $671,816.
- Liabilities ($17,186,523) exceeded assets ($16,622,384) in the 2023 filing, indicating a potentially leveraged financial position.
- Consistent 0% officer compensation reported, which is highly unusual for an organization with over $20 million in revenue and may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Horizon Village Inc:
- Significant revenue growth from $7.4 million in 2014 to $22.6 million in 2023, demonstrating strong operational expansion.
- Long history of consistent IRS 990 filings (13 filings), indicating good compliance and transparency.
- Generally stable financial operations with revenues largely covering expenses over a decade, despite recent deficit.
Frequently Asked Questions about Horizon Village Inc
Is Horizon Village Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horizon Village Inc (EIN: 161406204) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Horizon Village Inc spend its money?
Horizon Village Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horizon Village Inc tax-deductible?
Horizon Village Inc is registered as a tax-exempt nonprofit (EIN: 161406204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Horizon Village Inc. financially sustainable given the 2023 deficit?
While the 2023 filing shows expenses ($23,370,689) exceeding revenue ($22,698,873) by $671,816, the organization has a history of managing tight margins and has grown significantly over the past decade. Its assets of $16,622,384 provide some buffer, but continued deficits would be a concern.
How does Horizon Village Inc. compensate its leadership if officer compensation is 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. This could indicate that leadership is entirely volunteer, compensated through a related entity, or that compensation is categorized differently (e.g., as general salaries rather than specific officer compensation), which warrants further investigation for full transparency.
What is the trend in Horizon Village Inc.'s asset and liability management?
Assets have fluctuated, peaking in 2018 at $20,667,817 and currently at $16,622,384. Liabilities have often been close to or slightly exceeded assets, as seen in 2023 ($17,186,523 liabilities vs. $16,622,384 assets), suggesting a reliance on debt or short-term obligations and a relatively leveraged balance sheet.
Filing History
IRS 990 filing history for Horizon Village Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizon Village Inc's revenue has grown by 794.2%, moving from $2.5M to $22.7M. Total assets increased by 350.6% over the same period, from $3.7M to $16.6M. Total functional expenses rose by 792%, from $2.6M to $23.4M. In its most recent filing year (2023), Horizon Village Inc reported a deficit of $672K, with expenses exceeding revenue. The organization holds $17.2M in liabilities against $16.6M in assets (debt-to-asset ratio: 103.4%), resulting in net assets of $-564,139.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.7M | $23.4M | $16.6M | $17.2M | — | — |
| 2022 | $22.6M | $22.0M | $17.7M | $17.6M | — | View 990 |
| 2021 | $18.7M | $19.0M | $19.5M | $20.1M | — | View 990 |
| 2020 | $18.7M | $18.9M | $16.9M | $17.1M | — | — |
| 2019 | $17.3M | $18.2M | $17.0M | $17.1M | — | View 990 |
| 2018 | $16.8M | $16.1M | $20.7M | $19.8M | — | View 990 |
| 2017 | $13.5M | $14.0M | $15.0M | $14.8M | — | — |
| 2016 | $12.7M | $11.8M | $15.0M | $14.3M | — | View 990 |
| 2015 | $9.5M | $10.1M | $9.7M | $10.0M | — | View 990 |
| 2014 | $7.5M | $7.7M | $8.9M | $8.6M | — | View 990 |
| 2013 | $3.1M | $3.1M | $7.6M | $7.0M | — | View 990 |
| 2012 | $2.8M | $2.8M | $4.5M | $4.0M | — | View 990 |
| 2011 | $2.5M | $2.6M | $3.7M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.7M, expenses of $23.4M, and assets of $16.6M (revenue +0.3% year-over-year).
- 2022: Revenue of $22.6M, expenses of $22.0M, and assets of $17.7M (revenue +20.7% year-over-year).
- 2021: Revenue of $18.7M, expenses of $19.0M, and assets of $19.5M (revenue +0.3% year-over-year).
- 2020: Revenue of $18.7M, expenses of $18.9M, and assets of $16.9M (revenue +8.2% year-over-year).
- 2019: Revenue of $17.3M, expenses of $18.2M, and assets of $17.0M (revenue +2.8% year-over-year).
- 2018: Revenue of $16.8M, expenses of $16.1M, and assets of $20.7M (revenue +24.7% year-over-year).
- 2017: Revenue of $13.5M, expenses of $14.0M, and assets of $15.0M (revenue +5.9% year-over-year).
- 2016: Revenue of $12.7M, expenses of $11.8M, and assets of $15.0M (revenue +33.8% year-over-year).
- 2015: Revenue of $9.5M, expenses of $10.1M, and assets of $9.7M (revenue +27.6% year-over-year).
- 2014: Revenue of $7.5M, expenses of $7.7M, and assets of $8.9M (revenue +138.7% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.1M, and assets of $7.6M (revenue +11.0% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $4.5M (revenue +10.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.6M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Village Inc:
Data Sources and Methodology
This transparency report for Horizon Village 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.