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Nonprofiteer
← HORIZONS COLLABORATIVE INC

Form 990 for tax year 2023

Filed by HORIZONS COLLABORATIVE INC.

Totals

Total revenue
$342,178
Total expenses
$322,499
Contributions and grants received
$297,800
Grants paid
$0
Program service revenue
$44,378
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,037,316
Total liabilities, end of year
$1,344,018
Net assets or fund balances, end of year
-$306,702
Program services expenses (Part IX)
$273,648
Management and general expenses
$44,851
Fundraising expenses
$4,000
Program service expenses (Part III)
$273,648

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $271,967

  • 1f · All other contributions, gifts and grants

    $25,833

  • 2a · Program service revenue: RENTAL INCOME

    total $41,190 · related or exempt $41,190

  • 2b · Program service revenue: MISCELLANEOUS

    total $3,188 · related or exempt $3,188

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,800 · management and general $12,800

  • 13 · Office expenses

    total $5,875 · program services $5,875

  • 20 · Interest

    total $1,071 · program services $1,071

  • 22 · Depreciation, depletion and amortization

    total $46,669 · program services $46,669

  • 23 · Insurance

    total $13,741 · program services $13,741

  • 24a · Other expenses: SITE MANAGEMENT PAYROLL

    total $93,950 · program services $93,950

  • 24b · Other expenses: OPERATING AND MAINTENAN

    total $58,600 · program services $58,600

  • 24c · Other expenses: OVERHEAD

    total $32,051 · management and general $32,051

  • 24d · Other expenses: UTILITIES

    total $24,768 · program services $24,768

  • 24e · All other expenses

    total $32,974 · program services $28,974 · fundraising $4,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $168,571 · end of year $232,640

  • 3 · Pledges and grants receivable

    beginning of year $3,174 · end of year $23,871

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,845 · end of year $6,897

  • 10a · Land, buildings and equipment: cost or other basis

    $1,795,522

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,032,750

  • 10c · Land, buildings and equipment, net

    beginning of year $809,441 · end of year $762,772

  • 15 · Other assets

    beginning of year $9,552 · end of year $11,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,576 · end of year $59,899

  • 23 · Secured mortgages and notes payable

    beginning of year $1,271,912 · end of year $1,272,983

  • 25 · Other liabilities

    beginning of year $11,476 · end of year $11,136

  • 27 · Net assets without donor restrictions

    beginning of year -$326,381 · end of year -$306,702

Mission and programs · 2023

Mission

TO DEVELOP, ACQUIRE, PRESERVE, AND MAINTAIN AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

  • TO DEVELOP, ACQUIRE, PRESERVE, AND MAINTAIN AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

    Expenses $273,648 · Revenue $44,378

As filed on the 2023 return.

Listed in Part VII

  • Richard Gair

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Judith Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Woeltz

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joan B Sawyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth M Hurley

    CLERK

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202403039349301980

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