2044 Seventh Avenue Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 385,807 | 380,665 | 5,142 | -8.9 | 11% |
| 2021 | 346,744 | 401,174 | −54,430 | -10.1 | 8% |
| 2022 | 242,311 | 389,134 | −146,823 | -17.1 | 6% |
| 2023 | 284,232 | 436,936 | −152,704 | -19.4 | 0% |
In its most recent public year (2023), this organization spent $152,704 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-19.4 months), down from -8.9 in 2020. 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
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