Mission
TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES.
Public Charity
HORIZON DEVELOPMENT PROPERTIES INC
HORIZON DEVELOPMENT PROPERTIES INC, of CHARLOTTE, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $84.4M in revenue, $94.1M in expenses, $573.7M in total assets.
EIN: 562246833
CHARLOTTE, NC
Low-Income & Subsidized Rental Housing
NTEE: L21
Latest filing: 2024
Total Revenue$84.4M
Total Expenses$94.1M
Total Assets$573.7M
Grant Records0
Filing Years2019–2024
Where $100 goes at Horizon Development Properties Inc
How Horizon Development Properties Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$97
Programs
the work itself
$3
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $97 for programs
$72
Horizon development has a total of 4,531 units available to rent to families making less than 80% of area median income
$25
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
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
EVP, INFORMATION TECHNOLOGY
Allan Rivera
EVP, REAL ESTATE DEVELOPMENT
Allen Gong
VICE CHAIR COMMISSIONER
Angela Ambroise
COMMISSIONER
Antoine Dennard
EVP, CORPORATE COMMUNICATIONS
Cheron Porter
COO
Eric Scott
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $84.4M | $94.1M | $573.7M |
| 2023 | $77.5M | $71.9M | $565.6M |
| 2022 | $49.3M | $57.9M | $528.8M |
| 2020 | $38.5M | $47.9M | $294.9M |
| 2019 | $38.8M | $44.6M | $251.3M |
Between 2019 and 2024, reported annual revenue grew from $38.8M to $84.4M (+117%), with total assets most recently reported at $573.7M.
Interactive year-over-year charts and full filing details available with membership.