Southside United Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,754,758 | 4,671,319 | 83,439 | 15.0 | 57% |
| 2021 | 5,443,874 | 4,271,689 | 1,172,185 | 21.1 | 62% |
| 2022 | 5,952,196 | 4,577,955 | 1,374,241 | 25.4 | 57% |
| 2023 | 5,985,423 | 5,880,822 | 104,601 | 24.8 | 55% |
In its most recent public year (2023), this organization brought in $104,601 more than it spent. Its reserves stood at about 24.8 months of spending, up from 15 in 2020. Staff pay was 55% of spending. $5,682 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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