Turning Point Red Hook Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 243,800 | 268,350 | −24,550 | -13.9 | 26% |
| 2021 | 474,450 | 681,917 | −207,467 | -9.6 | 20% |
| 2022 | 509,350 | 705,452 | −196,102 | -12.6 | 17% |
In its most recent public year (2022), this organization spent $196,102 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.6 months), up from -13.9 in 2020. Staff pay was 17% 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 2022. 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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