Empire Housing And Development Corporation
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $353,734 | $370,053 | −$16,319 | 1.4 | 54% |
| 2021 | $346,117 | $348,559 | −$2,442 | 1.4 | 60% |
| 2022 | $301,888 | $352,879 | −$50,991 | -0.3 | 66% |
| 2023 | $319,017 | $420,208 | −$101,191 | -3.2 | 56% |
In its most recent public year (2023), this organization spent $101,191 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.2 months), down from 1.4 in 2020. Staff pay was 56% of spending. $1,360 of its net assets are donor-restricted.
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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