Council Towers Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 713,891 | 1,355,878 | −641,987 | -47.6 | 15% |
| 2012 | 721,753 | 1,404,989 | −683,236 | -51.7 | 14% |
| 2013 | 718,094 | 1,429,649 | −711,555 | -56.8 | 16% |
| 2014 | 1,265,258 | 1,703,224 | −437,966 | -50.8 | 0% |
| 2015 | 1,307,438 | 1,571,535 | −264,097 | -57.0 | 0% |
| 2016 | 1,304,266 | 1,618,172 | −313,906 | -57.7 | 0% |
| 2017 | 1,312,613 | 1,595,647 | −283,034 | -59.5 | 0% |
| 2018 | 1,314,108 | 1,799,089 | −484,981 | -56.0 | 0% |
| 2019 | 1,317,909 | 1,657,920 | −340,011 | -63.3 | 0% |
| 2020 | 1,889,461 | 1,914,957 | −25,496 | -54.9 | 0% |
| 2021 | 1,840,348 | 2,058,940 | −218,592 | -52.4 | 0% |
| 2022 | 1,823,709 | 2,000,132 | −176,423 | -55.0 | 0% |
| 2023 | 2,328,969 | 2,213,175 | 115,794 | -49.1 | 0% |
In its most recent public year (2023), this organization brought in $115,794 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-49.1 months), down from -47.6 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
Council Towers Housing Development Fund Corporation'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