Narragansett Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,710,688 | 1,678,241 | 32,447 | -7.3 | 30% |
| 2012 | 1,790,359 | 1,877,050 | −86,691 | -7.1 | 27% |
| 2013 | 1,863,560 | 2,015,141 | −151,581 | -7.5 | 28% |
| 2014 | 1,873,102 | 2,028,793 | −155,691 | -8.4 | 30% |
| 2015 | 2,175,726 | 2,136,017 | 39,709 | -7.8 | 35% |
| 2016 | 2,211,867 | 2,151,448 | 60,419 | -7.4 | 37% |
| 2017 | 2,564,233 | 2,676,243 | −112,010 | -6.4 | 33% |
| 2018 | 2,251,920 | 2,353,113 | −101,193 | -7.8 | 36% |
| 2019 | 2,434,746 | 2,459,291 | −24,545 | -7.6 | 38% |
| 2020 | 2,269,117 | 2,753,340 | −484,223 | -8.9 | 37% |
| 2021 | 2,539,129 | 2,677,366 | −138,237 | -9.8 | 37% |
| 2022 | 2,265,339 | 2,524,373 | −259,034 | -11.6 | 41% |
| 2023 | 2,521,649 | 2,575,487 | −53,838 | -11.6 | 43% |
In its most recent public year (2023), this organization spent $53,838 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11.6 months), down from -7.3 in 2011. Staff pay was 43% 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
Narragansett 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