178th Street Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | −130,788 | 0 | −130,788 | — | — |
| 2012 | −199,178 | 0 | −199,178 | — | — |
| 2013 | −182,679 | 0 | −182,679 | — | — |
| 2014 | −239,043 | 0 | −239,043 | — | — |
| 2015 | −329,080 | 0 | −329,080 | — | — |
| 2017 | −131,529 | 0 | −131,529 | — | — |
| 2018 | 2,022,379 | 2,085,524 | −63,145 | -27.9 | 0% |
| 2019 | 1,898,461 | 2,217,504 | −319,043 | -27.9 | 0% |
| 2020 | 1,909,960 | 2,244,563 | −334,603 | -29.4 | 0% |
| 2021 | −277,548 | 0 | −277,548 | — | — |
| 2022 | 2,056,316 | 2,394,363 | −338,047 | -30.6 | 6% |
| 2023 | 2,017,884 | 2,347,395 | −329,511 | -32.9 | 4% |
In its most recent public year (2023), this organization spent $329,511 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-32.9 months). Staff pay was 4% 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
178th Street Housing Development Fund Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works