607 Concord Avenue Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 679,271 | 1,078,666 | −399,395 | -62.5 | 10% |
| 2021 | 855,619 | 1,197,982 | −342,363 | -59.7 | 9% |
| 2022 | 1,101,847 | 1,209,289 | −107,442 | -60.2 | 9% |
| 2023 | 1,478,347 | 1,167,190 | 311,157 | -59.2 | 9% |
In its most recent public year (2023), this organization brought in $311,157 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-59.2 months), up from -62.5 in 2020. Staff pay was 9% 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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