Breaking Ground Iii Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 307,743 | 308,432 | −689 | -0.9 | 27% |
| 2021 | 273,290 | 296,189 | −22,899 | -1.9 | 20% |
| 2022 | 315,130 | 328,200 | −13,070 | -2.2 | 26% |
| 2023 | 361,336 | 358,839 | 2,497 | -1.9 | 28% |
In its most recent public year (2023), this organization brought in $2,497 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.9 months). Staff pay was 28% 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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