Cecil Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,175,355 | 2,323,323 | −147,968 | -25.6 | 45% |
| 2021 | 2,623,006 | 2,276,479 | 346,527 | -24.3 | 43% |
| 2022 | 2,339,933 | 2,187,633 | 152,300 | -24.4 | 45% |
| 2023 | 2,811,149 | 2,711,749 | 99,400 | -19.3 | 42% |
In its most recent public year (2023), this organization brought in $99,400 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-19.3 months), up from -25.6 in 2020. Staff pay was 42% 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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