New Castle Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 230,201 | 288,227 | −58,026 | 73.3 | 16% |
| 2022 | 213,892 | 317,369 | −103,477 | 62.7 | 13% |
| 2023 | 241,937 | 287,498 | −45,561 | 67.3 | 16% |
| 2024 | 241,995 | 308,786 | −66,791 | 60.0 | 15% |
In its most recent public year (2024), this organization spent $66,791 more than it brought in. Its reserves stood at about 60 months of spending, down from 73.3 in 2021. Staff pay was 15% 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 2024. 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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