Providence Westside Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 205,701 | 355,993 | −150,292 | -16.8 | 0% |
| 2020 | 210,651 | 356,773 | −146,122 | -22.4 | 0% |
| 2021 | 218,206 | 396,005 | −177,799 | -26.4 | 0% |
| 2022 | 221,372 | 442,667 | −221,295 | -30.0 | 0% |
| 2023 | 245,390 | 442,869 | −197,479 | -35.3 | 0% |
In its most recent public year (2023), this organization spent $197,479 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-35.3 months), down from -16.8 in 2019. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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