Reseda Horizons FY2023 filing

Tax-deductible

North Hills, CA501(c)(3)Human ServicesEIN 95-4842511

Provides residential services for 6 developmentally-disabled low-income consumers.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $16K a year · 10% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$989K
146% of total assets
Concern: liabilities are 146% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$170K
+9% vs prior year
Spent
$192K
To programs
74%
Net assets
−$313K
By yearFY2020–FY2025
Revenue
$170K
FY2023▲ +9%
Revenue by fiscal year
FY2020$151K
FY2021$138K
FY2022$156K
FY2023$170K
FY2024$183K
FY2025$188K
Expenses
$192K
FY2023▲ +7%
Expenses by fiscal year
FY2020$152K
FY2021$154K
FY2022$179K
FY2023$192K
FY2024$197K
FY2025$210K
Net assets
−$313K
FY2023▼ -8%
Net assets by fiscal year
FY2020−$253K
FY2021−$269K
FY2022−$291K
FY2023−$313K
FY2024−$327K
FY2025−$348K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $141K Management & general 26% · $51K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 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 Fin. and Admin. Officer of New Horizons
$0Pt VII · Sec A
VP of Property and Asset Mgmt. of New Horizons
$0Pt VII · Sec A
See Reseda Horizons executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and support for low-income adults with developmental disabilities.

Provided by the organization

This section is blank until Reseda Horizons claims this page.

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1 program service account for $141K of program spending, described in the organization's own filed words · FY2022.
01

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

$141Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$170K
Ln 12
Gifts and grantsLn 1h$149K
Fees for servicesLn 2g$20K
Investment incomeLn 3$1K
Money outPt IX
$192K
Ln 25
Programscol B$141K
Managementcol C$51K
Owns and owesPt X
−$313K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$676K
LiabilitiesLn 26$989K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Government grantsLn 1e$149K
Fees for servicesLn 2g$20K
Investment incomeLn 3$1K
Total revenueLn 12$170K
Assets in detailPt X, end of year
SavingsLn 2$80K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$580K
Other assetsLn 15$13K
Total assetsLn 16$676K
LiabilitiesLn 26$989K
Net assetsLn 32−$313K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$72K$80K
Land, buildings, equipmentLn 10c$590K$580K
Total assetsLn 16$676K$676K
LiabilitiesLn 26$967K$989K
Net assetsLn 32−$291K−$313K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$26K$818$25K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$77K$77K
Office expensesLn 13$3K$3K
Information technologyLn 14$5K$5K
OccupancyLn 16$35K$35K
Conferences, conventions and meetingsLn 19$402$402
Depreciation, depletion and amortizationLn 22$19K$19K
Other expenses (24a–d)Ln 24$75$75
Total functional expensesLn 25$192K$141K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $188K$210K−$22K−$348K 990 PDF
FY2024 $183K$197K−$14K−$327K 990 PDF
FY2023 Viewing $170K$192K−$22K−$313K 990 PDF
FY2022 $156K$179K−$22K−$291K 990 PDF
FY2021 $138K$154K−$16K−$269K 990 PDF
FY2020 $151K$152K−$817−$253K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $169,970 across 5 lines filed
VIII-1e Government grants$148,787
VIII-1h Total contributions, gifts and grants$148,787
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,927$19,927
VIII-3 Investment incomeExcluded from tax $1,256$1,256
VIII-12 Total revenueRelated to mission $19,927 · Unrelated business $0 · Excluded from tax $1,256$169,970
Part IX · Statement of functional expenses $191,883 across 10 lines filed
IX-11a Management feesPrograms $818 · Management $25,307$26,125
IX-11b Legal feesPrograms $1,000$1,000
IX-11c Accounting feesManagement $25,534$25,534
IX-11g Other fees for servicesPrograms $76,823$76,823
IX-13 Office expensesPrograms $3,067$3,067
IX-14 Information technologyPrograms $4,884$4,884
IX-16 OccupancyPrograms $35,445$35,445
IX-19 Conferences, conventions and meetingsPrograms $402$402
IX-22 Depreciation, depletion and amortizationPrograms $18,528$18,528
IX-24 Other expenses (24a–d)Programs $75$75
IX-25 Total functional expensesPrograms $141,042 · Management $50,841 · Fundraising $0$191,883
Part X · Balance sheet $675,934 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $71,518$80,193
X-9 Prepaid expenses and deferred charges$2,995
X-10c Land, buildings and equipment, netStart of year $590,342$579,764
X-15 Other assetsStart of year $13,013$12,982
X-16 Total assetsStart of year $675,821$675,934
X-17 Accounts payable and accrued expensesStart of year $11,495$11,722
X-25 Other liabilitiesStart of year $242,552$260,658
X-26 Total liabilitiesStart of year $966,988$989,014
X-27 Net assets without donor restrictionsStart of year −$291,167−$313,080
X-32 Total net assets or fund balancesStart of year −$291,167−$313,080
X-33 Total liabilities and net assetsStart of year $675,821$675,934
Part XI · Reconciliation of net assets −$313,080 net assets at year end
XI-1 Total revenue$169,970
XI-2 Total expenses$191,883
XI-3 Revenue less expenses−$21,913
XI-4 Net assets at start of year−$291,167
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$313,080

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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