Shore Front Council Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 557,203 | 737,171 | −179,968 | 0.8 | 16% |
| 2012 | 581,150 | 893,971 | −312,821 | -11.9 | 12% |
| 2013 | 1,228,301 | 726,810 | 501,491 | -6.3 | 17% |
| 2014 | 515,060 | 705,687 | −190,627 | -9.7 | 0% |
| 2015 | 790,123 | 755,391 | 34,732 | -8.5 | 0% |
| 2016 | 857,001 | 798,552 | 58,449 | -7.2 | 0% |
| 2017 | 599,234 | 876,011 | −276,777 | -10.4 | 0% |
| 2018 | 599,548 | 891,588 | −292,040 | -14.1 | 0% |
| 2019 | 1,233,717 | 988,152 | 245,565 | -9.7 | 0% |
| 2020 | 708,733 | 1,069,429 | −360,696 | -13.1 | 0% |
| 2021 | 651,490 | 1,169,347 | −517,857 | -17.3 | 0% |
| 2022 | 597,060 | 1,226,418 | −629,358 | -22.7 | 0% |
| 2023 | 616,013 | 1,168,908 | −552,895 | -29.5 | 0% |
In its most recent public year (2023), this organization spent $552,895 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-29.5 months), down from 0.8 in 2011. 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
Shore Front Council Housing Development Fund Corp'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