Civic Intelligence

Horizon Counseling Inc.

990 • Fiscal year 2021 • EIN 46-0948283

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 28, 2022

905 Arbor View LaneWoodstock, GA 30188

(888) 315-4326

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

43rd percentile

8.7%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$303,120

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

84th percentile

43%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

12%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$374,569

Up $113,153 (+43%) from 2020

Net Assets

Up

$359,523

Up $111,037 (+45%) from 2020

Liabilities

Up

$15,046

Up $2,116 (+16%) from 2020

Revenue

Up

$1,271,654

Up $135,609 (+12%) from 2020

Expenses

Up

$1,160,617

Up $80,720 (+7.5%) from 2020

Net Income

Up

$111,037

Up $54,889 (+98%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2017: $88,882Liabilities 2017: $22,129Net Assets 2017: $66,7532017Assets 2018: $125,014Liabilities 2018: $985Net Assets 2018: $124,0292018Assets 2019: $226,206Liabilities 2019: $33,868Net Assets 2019: $192,3382019Assets 2020: $261,416Liabilities 2020: $12,930Net Assets 2020: $248,4862020Assets 2021: $374,569Liabilities 2021: $15,046Net Assets 2021: $359,5232021Assets 2022: $350,373Liabilities 2022: $13,178Net Assets 2022: $337,1952022Assets 2023: $559,908Liabilities 2023: $224,355Net Assets 2023: $335,5532023Assets 2024: $552,609Liabilities 2024: $214,379Net Assets 2024: $338,2302024

Highlighted filing

2021

Assets$374,569
Liabilities$15,046
Net Assets$359,523

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2017: $534,853Expenses 2017: $468,100Net Income 2017: $66,7532017Revenue 2018: $924,936Expenses 2018: $867,660Net Income 2018: $57,2762018Revenue 2019: $1,044,627Expenses 2019: $976,923Net Income 2019: $67,7042019Revenue 2020: $1,136,045Expenses 2020: $1,079,897Net Income 2020: $56,1482020Revenue 2021: $1,271,654Expenses 2021: $1,160,617Net Income 2021: $111,0372021Revenue 2022: $1,097,528Expenses 2022: $1,119,856Net Income 2022: -$22,3282022Revenue 2023: $940,205Expenses 2023: $941,847Net Income 2023: -$1,6422023Revenue 2024: $969,680Expenses 2024: $967,003Net Income 2024: $2,6772024

Highlighted filing

2021

Revenue$1,271,654
Expenses$1,160,617
Net Income$111,037
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 28, 2022
Return Version
2021v4.2
Gross Receipts
$1,271,654
Mission and Program Overview

Mission

Horizon counseling is a national hud approved agency that provides home equity conversion counseling.

A national hud approved agency providing home equity conversion counseling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$239,911$370,898▲ $130,987
Accounts Receivable$13,383--
Land, Buildings, and Equipment, Net$5,512$3,396▼ $2,116
Prepaid Expenses and Deferred Charges$2,610$275▼ $2,335
Total Assets$261,416$374,569▲ $113,153
Liabilities
Accounts Payable and Accrued Expenses$12,930$15,046▲ $2,116
Total Liabilities$12,930$15,046▲ $2,116
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$248,486$359,523▲ $111,037
Total Net Assets Fund Balance$248,486$359,523▲ $111,037
Total Liabilities and Net Assets / Fund Balance$261,416$374,569▲ $113,153

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,396$6,772$10,168
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan CarterChairFT$303,120$303,120
Jonathan SuttanVice ChairFT$303,120$303,120

Board Members and Trustees

NameTitle
Nikke LearSecretary
Brad BramlettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,195
Program Service Revenue
$1,233,459
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$111,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,271,654
Total Revenue per Audited Statements
$1,271,654
Total Revenue per Form 990
$1,271,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,103,788
Other Expenses$52,237
Total Fundraising Expense$33,936
Grants and Similar Amounts Paid$4,592
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$424,368$151,560$30,312$606,240
Comp Disqual Persons$401,925--$401,925
Payroll Taxes$47,027$8,626$1,725$57,378
Pension Plan Contributions$21,871$4,012$802$26,685
Fees for Services Accounting-$13,800-$13,800
Other Employee Benefits$9,475$1,737$348$11,560
Information Technology$6,113$2,183$437$8,733
Office Expenses$3,588$3,161$256$7,005
Other Expenses$781$5,353$56$5,353
Grants to Domestic Orgs$4,592--$4,592
Occupancy-$3,708-$3,708
Insurance-$2,610-$2,610
Depreciation Depletion$2,116--$2,116
Total Functional Expenses$929,197$197,484$33,936$1,160,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,160,889
Expenses per Audited Statements$1,160,617
Total Expenses per Form 990$1,160,617
Expenses Not Reported on Form 990$272
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organizations form 990 is reviewed by one or more officers prior to filing.

Form 990, Part VI, Section B, Line 15

The two independent members of the voting board determine the compensation of the two officers by utilitizing available resources for similar organizations available publicly.

Form 990, Part VI, Section C, Line 18

The organizations form 990 and other publicly available documents can be obtained by submitting a written request to jonathan carter at 905 arbor view lane, woodstock, ga 30188

Filing and Contact Details

Filer

Filer Name
Horizon Counseling
EIN
46-0948283
Phone
8883154326
Address
905 ARBOR VIEW LANE, WOODSTOCK, GA 30188

Signing Officer

Name
Jonathan Carter
Title
President
Phone
8883154326
Signed
2022-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Carter
Formed
2017
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
23

Preparer

Firm
Rick Palmer CPA LLC
Address
135 VILLAGE CTR W STE 100, WOODSTOCK, GA 30188
Preparer
Richard B Palmer
Phone
6785406220
Supplemental Narrative

Financial Statement Notes

XII 2D

Rounding differences between audit and actual books

X 2

The organization is exempt from income taxes under internal revenue code the code section 501c3 and the georgia revenue and taxation code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The organization has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income, to determine its filing and tax obligations in jurisdictions for which it has nexus, and to identify and evaluate other matters that may be considered tax positions. The organizations has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ROUNDING DIFFERENCES BETWEEN AUDIT AND ACTUAL BOOKS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE THE CODE SECTION 501C3 AND THE GEORGIA REVENUE AND TAXATION CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATIONS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JONATHAN SUTTAN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS FORM 990 IS REVIEWED BY ONE OR MORE OFFICERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TWO INDEPENDENT MEMBERS OF THE VOTING BOARD DETERMINE THE COMPENSATION OF THE TWO OFFICERS BY UTILITIZING AVAILABLE RESOURCES FOR SIMILAR ORGANIZATIONS AVAILABLE PUBLICLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS FORM 990 AND OTHER PUBLICLY AVAILABLE DOCUMENTS CAN BE OBTAINED BY SUBMITTING A WRITTEN REQUEST TO JONATHAN CARTER AT 905 ARBOR VIEW LANE, WOODSTOCK, GA 30188
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN CARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08883154326
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON COUNSELING
ReturnHeader/Filer/BusinessNameControlTxt0HORI
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ReturnHeader/Filer/PhoneNum08883154326
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273159324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICK PALMER CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0135 VILLAGE CTR W STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODSTOCK
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