Victory One Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,318,320 | 1,786,495 | −468,175 | -47.3 | 13% |
| 2021 | 1,416,337 | 2,009,747 | −593,410 | -45.6 | 11% |
| 2022 | 1,390,643 | 2,061,415 | −670,772 | -48.4 | 11% |
| 2023 | 1,933,554 | 2,156,428 | −222,874 | -47.5 | 11% |
In its most recent public year (2023), this organization spent $222,874 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-47.5 months). 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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