Mrc Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 901,318 | 862,550 | 38,768 | -41.8 | 11% |
| 2021 | 898,002 | 888,083 | 9,919 | -40.4 | 11% |
| 2022 | 906,125 | 1,081,665 | −175,540 | -35.1 | 10% |
| 2023 | 928,788 | 1,058,844 | −130,056 | -37.4 | 11% |
In its most recent public year (2023), this organization spent $130,056 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-37.4 months), up from -41.8 in 2020. Staff pay was 11% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works