Peninsula Housing Development Inc Xvii
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 486,405 | 773,943 | −287,538 | -54.0 | 7% |
| 2022 | 606,522 | 848,451 | −241,929 | -52.6 | 10% |
| 2023 | 528,755 | 850,272 | −321,517 | -57.1 | 11% |
In its most recent public year (2023), this organization spent $321,517 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-57.1 months), down from -54 in 2021. 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
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