Reseda Horizons EIN 95-4842511 Form 990 (PDF) Claim this org

Reseda Horizons

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Offers housing and support for low-income adults with developmental disabilities. For fiscal year 2025 it reported $188K in revenue, $210K in expenses, and $-348K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
North Hills, CA
Filings
6 on file (2020–2025)
Revenue
$188KFY2025
Expenses
$210K
Net assets
$-348K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  95-4842511 Public charity (501(c)(3)) North Hills, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers housing and support for low-income adults with developmental disabilities.
Leadership
Susan Stearns · President
Money in and out
$188K revenue, $210K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$188K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$-348K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs-0.4% vs prior filing year
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate▼ -66% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -56% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$188K
FY2025▲ +3%
Expenses
$210K
FY2025▲ +6%
Total assets
$717K
FY2025▲ +0.8%
Total liabilities
$1.1M
FY2025▲ +3%
Total revenue
$188K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$-348K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$717K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReseda Horizons
EINHdr · item D95-4842511
Principal addressHdr · item CNorth Hills, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P70)
Ruling yearIRS BMFJul 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President/CEO of New Horizons
$0Pt VII · Sec A
Chief Operating Officer of New Horizons
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $167K of program spending, described in the organization's own filed words · FY2024.
01

Reseda horizons provides residential services for 6 developmentally-disabled low-income consumers.

$167Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$158K · 84%
Program service revenue$28K · 15%
Investment income$1K · 1%
Contributions & grants84%$158K
Program service revenue15%$28K
Investment income1%$1K
Other revenue$641
— government grantsLn 1e$158K
Total revenueLn 12$188K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$167K
Management & general21%$43K
Total functional expensesLn 25$210K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$717K
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$-348K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $210K
1.5 months
Where the money goes
Program services
Program services $167K · Total expenses $210K
79%
Management & General
Management & general $43K · Total expenses $210K
21%
Fundraising
Fundraising $0 · Total expenses $210K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $158K · Total revenue $188K
84%
Government reliance
Government grants $158K · Total revenue $188K
84%
Earned-income share
Program service revenue $28K · Total revenue $188K
15%
Investment reliance
Investment income $1K · Total revenue $188K
+0.8%
Program self-sufficiency
Program service revenue $28K · Total expenses $210K
13%
Growth & trend
Revenue growth (YoY)
This year $188K · Prior year $183K
+3%
Revenue CAGR
FY2019 $151K · FY2024 $188K
+5%
Net-asset trend (YoY)
End of year $-348K · Beginning of year $-327K
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $188K · Expenses $210K
-12%
Liabilities-to-Assets
Total liabilities $1.1M · Total assets $717K
149%
Net-asset ratio
Net assets $-348K · Total assets $717K
-49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $717K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Stearns · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $210K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $210K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth 3%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$188K revenue · viewing · ⤓ 990 PDF
FY2024$183K revenue · ⤓ 990 PDF
FY2023$170K revenue · ⤓ 990 PDF
FY2022$156K revenue · ⤓ 990 PDF
FY2021$138K revenue · ⤓ 990 PDF
FY2020$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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