Israel Senior Citizens Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,503,787 | 5,959,181 | −455,394 | 3.1 | 14% |
| 2021 | 8,736,330 | 28,393,926 | −19,657,596 | -7.7 | 3% |
| 2022 | 10,489,229 | 7,717,693 | 2,771,536 | -23.9 | 12% |
| 2023 | 11,385,545 | 9,405,921 | 1,979,624 | -17.1 | 11% |
In its most recent public year (2023), this organization brought in $1,979,624 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-17.1 months), down from 3.1 in 2020. Staff pay was 11% of spending. $46,131 of its net assets are donor-restricted.
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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