Council Towers Iv Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 711,923 | 1,366,410 | −654,487 | -24.9 | 11% |
| 2012 | 721,921 | 1,325,370 | −603,449 | -31.2 | 11% |
| 2013 | 717,336 | 1,369,708 | −652,372 | -35.9 | 11% |
| 2014 | 867,062 | 1,415,470 | −548,408 | -39.4 | 0% |
| 2015 | 1,018,831 | 1,485,128 | −466,297 | -41.3 | 6% |
| 2016 | 1,015,857 | 1,449,907 | −434,050 | -45.9 | 0% |
| 2017 | 1,043,817 | 1,590,939 | −547,122 | -45.9 | 0% |
| 2018 | 1,114,735 | 1,676,122 | −561,387 | -47.6 | 10% |
| 2019 | 1,221,726 | 1,727,840 | −506,114 | -49.7 | 0% |
| 2020 | 1,675,460 | 2,182,541 | −507,081 | -42.2 | 5% |
| 2021 | 1,725,584 | 2,208,410 | −482,826 | -44.3 | 5% |
| 2022 | 1,551,486 | 1,975,936 | −424,450 | -52.1 | 0% |
| 2023 | 1,792,265 | 2,088,600 | −296,335 | -51.0 | 0% |
In its most recent public year (2023), this organization spent $296,335 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-51 months), down from -24.9 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
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