Msgr Joseph F Stedman Residence Housing Development Fund Corporati
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 681,866 | 821,824 | −139,958 | -27.1 | 14% |
| 2012 | 738,958 | 904,328 | −165,370 | -26.8 | 13% |
| 2013 | 728,504 | 884,751 | −156,247 | -29.5 | 15% |
| 2014 | 725,711 | 932,424 | −206,713 | -30.7 | 14% |
| 2015 | 714,202 | 961,354 | −247,152 | -32.8 | 14% |
| 2016 | 879,106 | 977,990 | −98,884 | -33.5 | 15% |
| 2017 | 1,098,943 | 1,126,672 | −27,729 | -29.4 | 14% |
| 2018 | 1,112,907 | 1,149,798 | −36,891 | -29.1 | 14% |
| 2019 | 1,181,267 | 1,205,577 | −24,310 | -28.0 | 14% |
| 2020 | 1,185,644 | 1,270,936 | −85,292 | -27.4 | 0% |
| 2021 | 1,175,882 | 1,383,137 | −207,255 | -27.0 | 0% |
| 2022 | 1,184,907 | 1,380,130 | −195,223 | -28.7 | 0% |
| 2023 | 1,322,615 | 1,492,792 | −170,177 | -27.9 | 0% |
In its most recent public year (2023), this organization spent $170,177 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-27.9 months). Staff pay was 0% 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
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