Porter Avenue Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,173,098 | 14,475,039 | 698,059 | -1.5 | 0% |
| 2012 | 13,888,555 | 15,270,015 | −1,381,460 | -2.5 | 0% |
| 2013 | 13,093,814 | 15,302,439 | −2,208,625 | -4.2 | 48% |
| 2014 | 13,003,651 | 16,042,645 | −3,038,994 | -6.3 | 48% |
| 2015 | 14,053,204 | 15,788,388 | −1,735,184 | -7.7 | 48% |
| 2016 | 17,976,729 | 15,135,457 | 2,841,272 | -5.8 | 46% |
| 2017 | 1,488,231 | 2,455,233 | −967,002 | -15.4 | 0% |
| 2018 | 1,488,234 | 2,181,427 | −693,193 | -21.1 | 0% |
| 2019 | 1,488,234 | 2,222,470 | −734,236 | -24.7 | 0% |
| 2020 | 1,488,234 | 2,083,866 | −595,632 | -29.8 | 0% |
| 2021 | 1,488,234 | 2,020,780 | −532,546 | -33.9 | 0% |
| 2022 | 1,488,234 | 1,871,198 | −382,964 | -39.0 | 0% |
| 2023 | 1,488,234 | 1,912,045 | −423,811 | -40.9 | 0% |
In its most recent public year (2023), this organization spent $423,811 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-40.9 months), down from -1.5 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
Porter Avenue Housing Development Fund Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works