The Promesa Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,555,546 | 2,825,287 | −269,741 | 6.7 | 8% |
| 2012 | 2,941,827 | 3,655,824 | −713,997 | 2.6 | 0% |
| 2013 | 5,060,324 | 4,317,338 | 742,986 | 4.3 | 0% |
| 2014 | 4,440,714 | 4,845,092 | −404,378 | 2.5 | 0% |
| 2015 | 5,583,929 | 6,084,574 | −500,645 | 1.0 | 0% |
| 2016 | 9,469,742 | 8,486,807 | 982,935 | 2.1 | 0% |
| 2017 | 9,757,490 | 8,657,022 | 1,100,468 | 3.6 | 0% |
| 2018 | 9,718,930 | 9,482,506 | 236,424 | 3.6 | 0% |
| 2019 | 12,679,109 | 9,642,116 | 3,036,993 | 7.3 | 0% |
| 2022 | 7,954,144 | 9,492,956 | −1,538,812 | 16.8 | 0% |
| 2023 | 7,768,189 | 9,682,782 | −1,914,593 | 13.8 | 19% |
In its most recent public year (2023), this organization spent $1,914,593 more than it brought in. Its reserves stood at about 13.8 months of spending, up from 6.7 in 2011. Staff pay was 19% 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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