HORIZON HOMES INC

EIN: 630810660 501(c)(3)

BIRMINGHAM, AL

Total Revenue
$282,857
Total Expenses
$186,351
Total Assets
$517,818
Net Assets
$498,969
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
AL
Principal Officer
PATRICK HASSELL
Phone
2055954555
Tax Period
2024-10-01 to 2025-09-30

HORIZON HOMES INC, founded in 1982, is a small nonprofit that reported $235K in total revenue in fiscal year 2019. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $53K, a strong 23% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $280,316
Investment Income $2,541
Other Revenue $0
TOTAL REVENUE $282,857

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $168,090
Other Expenses $186,351
TOTAL EXPENSES $186,351

Year-over-Year Comparison

2024 2023 Change
Revenue $282,857 $274,024 +0.0%
Expenses $186,351 $206,194 -0.1%
Net Income $96,506 $67,830 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK HASSELL PRESIDENT 0.00
Director
$0 $0 $0
ERIN MURDOCH BOARD MEMBER 0.00
Director
$0 $0 $0
TERRI HARVILL TREASURER 0.00
Director
$0 $0 $0
RACHELLE CATHER BOARD MEMBER 0.00
Director
$0 $0 $0
TAMMIE BENNETT BOARD MEMBER 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $282,857 $186,351 $517,818 $96,506
2024 $274,024 $206,194 $426,724 $67,830
2023 $249,121 $201,256 $372,485 $47,865
2022 $233,592 $184,276 $317,868 $49,316
2021 $242,168 $173,576 $334,463 $68,592
2020 $235,333 $182,374 $349,188 $52,959
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