Canaan Baptist Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,610,335 | 1,321,525 | 288,810 | -21.0 | 16% |
| 2012 | 1,636,548 | 1,403,427 | 233,121 | -17.8 | 16% |
| 2013 | 1,654,361 | 1,385,633 | 268,728 | -15.7 | 16% |
| 2014 | 1,631,098 | 1,434,830 | 196,268 | -13.5 | 11% |
| 2015 | 1,654,423 | 1,483,189 | 171,234 | -11.7 | 16% |
| 2016 | 1,728,220 | 2,182,378 | −454,158 | -10.4 | 9% |
| 2017 | 1,650,614 | 1,904,462 | −253,848 | -13.6 | 13% |
| 2018 | 1,687,759 | 1,765,389 | −77,630 | -15.2 | 15% |
| 2019 | 1,634,615 | 1,784,401 | −149,786 | -16.0 | 16% |
| 2020 | 1,728,116 | 1,891,122 | −163,006 | -16.1 | 13% |
| 2021 | 1,707,374 | 1,967,498 | −260,124 | -17.1 | 13% |
| 2022 | 1,816,064 | 2,014,597 | −198,533 | -17.9 | 14% |
| 2023 | 2,405,548 | 2,103,313 | 302,235 | -15.4 | 12% |
In its most recent public year (2023), this organization brought in $302,235 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-15.4 months), up from -21 in 2011. Staff pay was 12% 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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