1114 Morris Avenue Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 687,493 | 642,502 | 44,991 | 2.7 | 0% |
| 2020 | 684,817 | 622,842 | 61,975 | 31.9 | 0% |
| 2021 | 676,649 | 671,889 | 4,760 | 29.7 | 0% |
| 2022 | 704,914 | 784,988 | −80,074 | 24.2 | 0% |
| 2023 | 753,092 | 750,571 | 2,521 | 25.3 | 0% |
In its most recent public year (2023), this organization brought in $2,521 more than it spent. Its reserves stood at about 25.3 months of spending, up from 2.7 in 2019. Staff pay was 0% of spending. $1,450,000 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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