Horizon Housing Development Company

Analysis

Horizon Housing Development Company is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Horizon Housing Development Company reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $886k to $1.6m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 162%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Horizon Housing Development Company sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include McFarlan Kearsley Residence LLC ($1.6m), Detroit Affordable Homes Inc ($1.6m) and SV Home ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 27% of the total. Other salaries and wages came to $605k. At year end it held assets of $2.1m against liabilities of $401k, net assets of $1.7m. It reported 7 employees.