TY 2017 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	500
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	28,107	28,107	28,107
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........			0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		67,256,123	0	67,256,123
12	Total. Add lines 1 through 11........	67,284,730	28,107	67,284,230
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	235,197	0	0	235,197
15	Pension plans, employee benefits.......	31,386	0	0	31,648
16a	Legal fees (attach schedule).........		6,846	0	0	6,846
b	Accounting fees (attach schedule).......		11,600	0	0	11,600
c	Other professional fees (attach schedule)....		1,260	0	0	1,260
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		18,727	0	0	18,727
19	Depreciation (attach schedule) and depletion...		460	0	0
20	Occupancy..............	18,915	0	0	18,915
21	Travel, conferences, and meetings.......	13,999	0	0	13,999
22	Printing and publications..........
23	Other expenses (attach schedule).......		385,034	0	0	3,241
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	723,424	0	0	341,433
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	723,424	0	0	341,433
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	66,561,306
b	Net investment income (if negative, enter -0-)		28,107
c	Adjusted net income (if negative, enter -0-)...			67,284,230

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	576,077	536,550	536,550
	2	Savings and temporary cash investments.........	886,823	1,222,823	1,222,823
	3	Accounts receivable 302,582
		Less: allowance for doubtful accounts	222,886	302,582
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	228,243,410	293,979,408	0
	14	Land, buildings, and equipment: basis 14,056
		Less: accumulated depreciation (attach schedule) 12,819	1,697	1,237	1,237
	15	Other assets (describe )	679,714	675,776	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	230,610,607	296,718,376	1,760,610
	17	Accounts payable and accrued expenses..........	4,089	3,677
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	4,089	3,677
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	230,606,518	296,714,699
	29	Total net assets or fund balances (see instructions).....	230,606,518	296,714,699
	30	Total liabilities and net assets/fund balances (see instructions).	230,610,607	296,718,376

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2018	53,517,848	1,402,840	38.149645
2017	35,644,530	1,379,864	25.831915
2016	28,098,017	1,192,569	23.560915
2015	16,311,951	1,023,117	15.943388
2014	25,995,723	827,674	31.408167

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	281
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	281
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	281
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	281
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOE CAVATO	PRESIDENT 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
THOMAS PICKEL	VICE-PRESIDENT 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
AMY MCDERMOTT	SECRETARY 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
ANN SUTTER	TREASURER 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
JESSICA EILAND	BOARD MEMBER 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
KEVIN MCKINNEY	BOARD MEMBER 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
JERRY MEYER	BOARD MEMBER 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
BETH BARTOLOTTA	SECRETARY - UNTIL 12/2017 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119
ALICE DUARTE-FLETCHER	TREASURER - UNTIL 12/2017 1.00	0	0	0
23 NORTH GORE SAINT LOUIS,MO63119

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	PROVIDE SERVICES AND PROGRAMMING TO TENANT THAT PROMOTE ECONOMIC SELF-SUFFICIENCY, EDUCATION, HEALTH AND WELLNESS, AND IMPROVING THE SENSE OF COMMUNITY. EXAMPLE OF PROGRAMS ARE (BUT NOT LIMITED TO): EDUCATIONAL SCHOLARSHIPS, AFTER SCHOOL PROGRAMS, REGULAR ON-SITE NURSE VISITS, AND AGE APPROPRIATE FITNESS PROGRAMS.	723,424
2


3


4

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	INVESTMENTS IN AFFRODABLE HOUSING PARTNERSHIPS THROUGH 99.9% OWNED LLC, HORIZON ASSET MANAGEMENT.	66,802,998
2	INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS	453,125
All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					0
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	25,995,723
b From 2015......	16,311,951
c From 2016......	28,100,098
d From 2017......	35,644,715
e From 2018......	53,518,088
fTotal of lines 3a through e........		159,570,575
4Qualifying distributions for 2019 from Part
XII, line 4: $
a Applied to 2018, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2019 distributable amount.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		159,570,575
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2014 not applied on line 5 or line 7 (see instructions) ...		25,995,723
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		133,574,852
10 Analysis of line 9:
a Excess from 2015....	16,311,951
b Excess from 2016....	28,100,098
c Excess from 2017....	35,644,715
d Excess from 2018....	53,518,088
e Excess from 2019....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total
	79,275	70,142	68,993	59,628	278,038
b 85% of line 2a .........	67,384	59,621	58,644	50,684	236,332
c Qualifying distributions from Part XII, line 4 for each year listed .....	67,597,556	53,518,088	35,644,715	28,098,098	184,858,457
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	67,597,556	53,518,088	35,644,715	28,098,098	184,858,457
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	52,850	46,761	45,995	39,752	185,358
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1A	HHF RECIEVED FEES FOR PROVIDING SERVICES RELATED TO PRESERVATION OF AFFORDABLE HOUSING FOR THE ELDERLY AND DISABLED.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aSTATE CREDITS					67,256,123
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	28,107
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		28,107	67,256,123

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization HORIZON HOUSING FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	HORIZON ASSET MANAGEMENT LLC 23 NORTH GORE SUITE 202 ST LOUIS, MO63119	$ 500	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization HORIZON HOUSING FOUNDATION		Employer identification number 74-2979359

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)


Name of organization HORIZON HOUSING FOUNDATION			Employer identification number 74-2979359
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Description	Beginning of Year - Book Value	End of Year - Book Value
ADDITIONAL GP INVESTMENTS	4,131	193
RENT DEPOSIT	583	583
MOBERLY HIGH PROPERTY	675,000	675,000

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
OFFICE EXPENSES	1,186	3,241
ANNUAL REPORT COSTS	4,100	0
COMPUTER EXPENSES	1,608	0
TELEPHONE	5,832	0
BOARD INSURANCE EXPENSE	5,378	0
MEALS AND ENTERTAINMENT	7,098	0
SOCIAL SERVICES AND IT PROGRAM EXPENSES	354,755	0
POSTAGE EXPENSE	157	0
CHARITABLE CONTRIBUTIONS	2,720	0
DUES AND SUBSCRIPTIONS	750	0
MOBERLY HIGH EXPENSES	1,450	0

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