Council Towers Iii Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 835,681 | 1,416,654 | −580,973 | -28.8 | 11% |
| 2012 | 844,297 | 1,451,721 | −607,424 | -33.2 | 11% |
| 2013 | 839,043 | 1,466,820 | −627,777 | -38.0 | 11% |
| 2014 | 994,322 | 1,530,232 | −535,910 | -40.6 | 0% |
| 2015 | 1,154,984 | 1,590,817 | −435,833 | -42.3 | 0% |
| 2016 | 1,154,750 | 1,609,308 | −454,558 | -45.2 | 0% |
| 2017 | 1,326,314 | 1,650,770 | −324,456 | -46.5 | 0% |
| 2018 | 1,397,867 | 1,839,557 | −441,690 | -44.6 | 0% |
| 2019 | 1,427,904 | 1,791,864 | −363,960 | -48.2 | 10% |
| 2020 | 1,614,685 | 2,117,691 | −503,006 | -43.6 | 9% |
| 2021 | 1,717,427 | 2,259,541 | −542,114 | -43.8 | 8% |
| 2022 | 1,803,899 | 2,143,756 | −339,857 | -48.0 | 0% |
| 2023 | 1,852,122 | 2,216,417 | −364,295 | -48.4 | 0% |
In its most recent public year (2023), this organization spent $364,295 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-48.4 months), down from -28.8 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 Iii 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