Lincoln Towers Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,619,174 | 1,615,000 | 4,174 | -10.5 | 6% |
| 2012 | 1,647,894 | 1,652,679 | −4,785 | -10.3 | 7% |
| 2013 | 1,657,575 | 1,721,730 | −64,155 | -10.3 | 7% |
| 2014 | 1,664,015 | 1,538,195 | 125,820 | -10.5 | 7% |
| 2015 | 1,644,004 | 2,171,778 | −527,774 | -10.4 | 5% |
| 2016 | 1,679,084 | 1,518,531 | 160,553 | -13.6 | 8% |
| 2017 | 1,785,411 | 1,654,511 | 130,900 | -11.5 | 7% |
| 2018 | 1,804,360 | 2,146,366 | −342,006 | -10.8 | 6% |
| 2019 | 1,774,843 | 2,359,251 | −584,408 | -12.8 | 5% |
| 2020 | 1,881,916 | 2,426,354 | −544,438 | -15.1 | 5% |
| 2021 | 1,942,997 | 2,145,909 | −202,912 | -18.2 | 6% |
| 2022 | 1,977,813 | 2,065,286 | −87,473 | -20.5 | 7% |
| 2023 | 2,004,613 | 2,176,371 | −171,758 | -20.4 | 6% |
In its most recent public year (2023), this organization spent $171,758 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.4 months), down from -10.5 in 2011. Staff pay was 6% 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
Lincoln 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