Fairmont Place Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 221,573 | 261,841 | −40,268 | -9.0 | 0% |
| 2012 | 234,473 | 228,487 | 5,986 | 38.1 | 0% |
| 2013 | 244,768 | 243,887 | 881 | 35.8 | 0% |
| 2014 | 236,571 | 316,367 | −79,796 | 24.5 | 5% |
| 2015 | 280,579 | 285,520 | −4,941 | 26.9 | 9% |
| 2016 | 258,612 | 239,087 | 19,525 | 32.9 | 11% |
| 2017 | 269,724 | 218,455 | 51,269 | 38.8 | 7% |
| 2018 | 265,722 | 246,720 | 19,002 | 35.2 | 9% |
| 2019 | 238,796 | 277,043 | −38,247 | 29.7 | 10% |
| 2020 | 226,459 | 303,108 | −76,649 | 24.3 | 10% |
| 2021 | 234,542 | 249,923 | −15,381 | 28.6 | 11% |
| 2022 | 236,032 | 383,025 | −146,993 | 13.8 | 9% |
| 2023 | 226,997 | 511,494 | −284,497 | 3.5 | 4% |
In its most recent public year (2023), this organization spent $284,497 more than it brought in. Its reserves stood at about 3.5 months of spending, up from -9 in 2011. Staff pay was 4% 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
Fairmont Place 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