Horizon Community Development Corporation

Analysis

Horizon Community Development Corporation is a registered charity in United States, based in Johnson City, TN. 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 Community Development Corporation reported income of $303k and spending of $379k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $406k to $303k (-25%), an average of -5.7% a year. The sharpest change came in the year to June 2021, when income rose by 556%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Horizon Community Development Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Ahepa 310 of Citronelle Inc ($303k), Bell Mansion Apartments Inc ($303k) and Vista Affordable Housing Inc ($303k).

At year end it held assets of $2.5m against liabilities of $392k, net assets of $2.1m.