Nonprofit · EIN 56-2246833
HORIZON DEVELOPMENT PROPERTIES INC
Tax-exempt · CHARLOTTE, NC 28203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $84,376,456 | $94,117,044 | -$9,740,588 | $573,740,246 | $451,171,025 | $122,569,221 |
| December 31, 2023 | 990 | $77,541,860 | $71,907,736 | $5,634,124 | $565,595,319 | $464,771,841 | $100,823,478 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,711,485
- Program service revenue
- $54,794,511
- Investment income
- $1,804,396
- Net gain from sales of assets
- -$372,192
- Other revenue
- $2,066,064
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,049,098
- Salaries, compensation and benefits (total)
- $6,994,350
- Professional fundraising fees
- $0
- Legal fees
- $1,218,469
- Accounting fees
- $288,557
- Occupancy
- $6,545,228
- Travel
- $187,571
- Depreciation
- $17,731,636
- Program services (functional)
- $92,335,843
- Management and general (functional)
- $1,781,201
Balance sheet and other
- Total assets, start of year
- $565,595,319
- Total assets, end of year
- $573,740,246
- Total liabilities, end of year
- $451,171,025
- Net assets, end of year
- $122,569,221
- Land, buildings and equipment
- $376,863,806
- Net assets without donor restrictions
- $13,033,206
- Net assets with donor restrictions
- $109,536,015
- Gross receipts
- $84,813,885
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2001
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FULTON MEACHEM | CEO Officer | 1 | $0 | $398,949 | $65,066 |
| ALLEN GONG | EVP, REAL ESTATE DEVELOPMENT Officer | 1 | $0 | $225,918 | $34,304 |
| ERIC SCOTT | COO Officer | 1 | $0 | $204,563 | $39,829 |
| HEATHER FRANKLIN | CFO Officer | 1 | $0 | $194,445 | $44,889 |
| KIMBERLIE SMITH | EVP, BLUE HORIZON Officer | 1 | $0 | $199,931 | $39,209 |
| ALLAN RIVERA | EVP, INFORMATION TECHNOLOGY Officer | 1 | $0 | $183,582 | $34,100 |
| HARRIETT HUELL | EVP, LEGAL - PART YEAR Officer | 1 | $0 | $171,359 | $30,836 |
| TEMEKA COUCH | EVP, HOUSING CHOICE VOUCHERS Officer | 1 | $0 | $175,818 | $23,519 |
| TOMICO EVANS | EVP, CORE - PART YEAR Officer | 1 | $0 | $171,044 | $22,078 |
| CHERON PORTER | EVP, CORPORATE COMMUNICATIONS Officer | 1 | $0 | $162,617 | $27,211 |
| NINA PINEDA | SVP, REAL ESTATE MANAGEMENT Highest-paid employee | 40 | $0 | $150,706 | $33,011 |
| JOHN MILLER | SVP, CONSTRUCTION Highest-paid employee | 40 | $0 | $145,000 | $30,089 |
| KENYA LEWIS | INTERIM COO Officer | 1 | $0 | $136,183 | $34,356 |
| TIMICA MELVIN | SVP, ASSET MANAGEMENT Highest-paid employee | 40 | $0 | $120,775 | $23,229 |
| FATINA ALLEN | CHAIR COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELA AMBROISE | VICE CHAIR COMMISSIONER Trustee or director | 1 | $0 |
| MICHAEL KENNERLY | COMMISSIONER Trustee or director | 1 | $0 |
| LINDA ASHENDORF | COMMISSIONER Trustee or director | 1 | $0 |
| ANTOINE DENNARD | COMMISSIONER Trustee or director | 1 | $0 |
| MAURICE ROBINSON | COMMISSIONER Trustee or director | 1 | $0 |
| ESEZELE PAYNE | COMMISSIONER Trustee or director | 1 | $0 |
| RAY MCKINNON | CHAIR COMMISSIONER - PART YEAR Trustee or director | 1 | $0 |
| ERIN SMITH | COMMISSIONER - PART YEAR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FULTON MEACHEM | CEO Officer | 1 | $0 | $386,331 | $46,632 |
| HEATHER FRANKLIN | EVP, FINANCE Officer | 1 | $0 | $188,866 | $37,653 |
| KIMBERLIE SMITH | EVP, BLUE HORIZON Officer | 1 | $0 | $183,057 | $36,548 |
| HARRIETT HUELL | EVP, LEGAL Officer | 1 | $0 | $179,689 | $31,549 |
| CHERON PORTER | EVP, CORPORATE COMMUNICATIONS Officer | 1 | $0 | $160,974 | $22,176 |
| ERIC SCOTT | COO Officer | 1 | $0 | $153,750 | $22,721 |
| ALLEN GONG | EVP, REAL ESTATE DEVELOPMENT Officer | 1 | $0 | $148,427 | $17,342 |
| TOMICO EVANS | EVP, CORE Officer | 1 | $0 | $139,662 | $20,778 |
| NINA PINEDA | SVP, REAL ESTATE MANAGEMENT Highest-paid employee | 40 | $0 | $133,485 | $19,950 |
| TEMEKA COUCH | EVP, HOUSING CHOICE VOUCHERS Officer | 1 | $0 | $136,687 | $16,689 |
| ALLAN RIVERA | EVP, INFORMATION TECHNOLOGY Officer | 1 | $0 | $131,923 | $19,954 |
| KENYA LEWIS | EVP, PEOPLE AND CULTURE Officer | 1 | $0 | $125,169 | $21,326 |
| KEN WOOD | EVP, INFORMATION TECH - PART YEAR Officer | 1 | $0 | $125,037 | $17,845 |
| KEVIN BOYETT | SVP, REAL ESTATE DEVELOPMENT Highest-paid employee | 40 | $0 | $121,095 | $17,307 |
| JOHN SHURLEY | SVP, CONSTRUCTION Highest-paid employee | 40 | $0 | $116,162 | $18,801 |
| RAY MCKINNON | CHAIR COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL KENNERLY | VICE CHAIR COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
| LINDA ASHENDORF | COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
| ANTOINE DENNARD | COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
| ERIN SMITH | COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
| FATINA ALLEN | COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
| MAURICE ROBINSON | COMMISSIONER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 EAST BLVD, CHARLOTTE, NC 28203-5136
- In care of
- % HEATHER FRANKLIN
- Principal officer (990 for 2024)
- HEATHER R FRANKLIN CPA, 400 EAST BLVD, CHARLOTTE, NC 28203
- Signed the 990
- HEATHER R FRANKLIN CPA, CFO
- Phone
- (704) 336-5233
- Return prepared by
- PLANTE & MORAN PLLC
Mission
TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES.
Program accomplishments
- HORIZON DEVELOPMENT HAS A TOTAL OF 4,531 UNITS AVAILABLE TO RENT TO FAMILIES MAKING LESS THAN 80% OF AREA MEDIAN INCOME.Expenses $68,328,524 · revenue $34,116,345
- INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR QUALIFIED FAMILIES: WE ARE CONTINUOUSLY LOOKING FOR ADDITIONAL OPPORTUNITIES TO EXPAND OUR CAPACITY AND PROVIDE ADDITIONAL AFFORDABLE HOUSING OPTIONS FOR FAMILIES IN NEED.Expenses $24,007,319 · revenue $22,744,230
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2246833
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $573,740,246
- Income (IRS master file)
- $84,813,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $84,376,456 | $94,117,044 | $573,740,246 | XML |
| 990 | December 2023 | $77,541,860 | $71,907,736 | $565,595,319 | XML |
| 990 | December 2022 | $49,320,137 | $57,949,705 | $528,761,139 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2246833).
Questions about HORIZON DEVELOPMENT PROPERTIES INC
- What is the EIN of HORIZON DEVELOPMENT PROPERTIES INC?
- The employer identification number (EIN) of HORIZON DEVELOPMENT PROPERTIES INC is 56-2246833.
- Is HORIZON DEVELOPMENT PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to HORIZON DEVELOPMENT PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HORIZON DEVELOPMENT PROPERTIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HORIZON DEVELOPMENT PROPERTIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HORIZON DEVELOPMENT PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HORIZON DEVELOPMENT PROPERTIES INC?
- The 990 for the year ended December 31, 2024 names HEATHER R FRANKLIN CPA.
- Who are the officers and directors of HORIZON DEVELOPMENT PROPERTIES INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does HORIZON DEVELOPMENT PROPERTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $84,376,456, expenses of $94,117,044 and total assets of $573,740,246 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Housing and shelter