Breaking Ground Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 29,689,881 | 22,411,568 | 7,278,313 | 38.4 | 26% |
| 2011 | 23,812,787 | 21,411,602 | 2,401,185 | 41.5 | 28% |
| 2012 | 24,753,329 | 20,817,464 | 3,935,865 | 44.9 | 0% |
| 2013 | 25,390,570 | 21,970,233 | 3,420,337 | 44.5 | 0% |
| 2014 | 24,939,511 | 22,596,206 | 2,343,305 | 44.5 | 28% |
| 2015 | 24,276,510 | 21,020,010 | 3,256,500 | 49.8 | 27% |
| 2016 | 28,960,531 | 25,189,546 | 3,770,985 | 43.3 | 33% |
| 2017 | 24,782,805 | 20,453,011 | 4,329,794 | 55.8 | 29% |
| 2018 | 30,159,358 | 16,986,693 | 13,172,665 | 76.5 | 24% |
| 2019 | 21,105,622 | 16,075,522 | 5,030,100 | 84.6 | 24% |
| 2020 | 25,201,657 | 15,793,334 | 9,408,323 | 93.3 | 23% |
| 2021 | 25,961,669 | 15,677,578 | 10,284,091 | 101.8 | 21% |
| 2022 | 29,782,334 | 19,907,645 | 9,874,689 | 86.1 | 26% |
| 2023 | 31,598,965 | 27,566,109 | 4,032,856 | 64.0 | 35% |
In its most recent public year (2023), this organization brought in $4,032,856 more than it spent. Its reserves stood at about 64 months of spending, up from 38.4 in 2010. Staff pay was 35% of spending. $21,386,267 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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