Norfolk Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 206,603 | 227,671 | −21,068 | -13.7 | 19% |
| 2012 | 205,578 | 221,676 | −16,098 | -15.0 | 19% |
| 2013 | 210,676 | 226,038 | −15,362 | -15.5 | 19% |
| 2014 | 210,667 | 229,674 | −19,007 | -16.2 | 19% |
| 2015 | 223,139 | 233,250 | −10,111 | -16.5 | 19% |
| 2016 | 222,764 | 239,474 | −16,710 | -16.9 | 19% |
| 2017 | 223,061 | 238,748 | −15,687 | -17.8 | 19% |
| 2018 | 1,122,767 | 1,142,195 | −19,428 | -3.9 | 4% |
| 2019 | 163,534 | 176,158 | −12,624 | -26.3 | 27% |
| 2020 | 173,939 | 177,261 | −3,322 | -26.3 | 27% |
| 2021 | 169,622 | 186,043 | −16,421 | -26.1 | 29% |
| 2022 | 177,266 | 189,733 | −12,467 | -26.4 | 19% |
| 2023 | 215,841 | 179,913 | 35,928 | -25.5 | 21% |
In its most recent public year (2023), this organization brought in $35,928 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-25.5 months), down from -13.7 in 2011. Staff pay was 21% 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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