1106 Morris Avenue Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 595,530 | 568,141 | 27,389 | 14.0 | 0% |
| 2020 | 604,807 | 536,381 | 68,426 | 36.3 | 0% |
| 2021 | 593,831 | 588,973 | 4,858 | 33.1 | 0% |
| 2022 | 600,455 | 703,682 | −103,227 | 26.0 | 0% |
| 2023 | 675,895 | 700,986 | −25,091 | 25.7 | 0% |
In its most recent public year (2023), this organization spent $25,091 more than it brought in. Its reserves stood at about 25.7 months of spending, up from 14 in 2019. Staff pay was 0% of spending. $890,000 of its net assets are donor-restricted.
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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