Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2008 | 48,000 | 40,099 | 7,901 | 2.4 | 0% |
| 2009 | 298,707 | 412,416 | −113,709 | -3.1 | 10% |
| 2010 | 468,586 | 484,976 | −16,390 | -3.0 | 0% |
| 2011 | 477,432 | 583,612 | −106,180 | -4.7 | 0% |
| 2012 | 471,610 | 567,235 | −95,625 | -6.9 | 0% |
| 2013 | 468,194 | 607,517 | −139,323 | -9.2 | 12% |
| 2014 | 484,534 | 595,463 | −110,929 | -11.6 | 21% |
| 2015 | 485,480 | 620,236 | −134,756 | -13.7 | 22% |
| 2016 | 492,083 | 660,601 | −168,518 | -17.9 | 23% |
| 2017 | 554,697 | 655,398 | −100,701 | -19.9 | 22% |
| 2018 | 638,412 | 705,375 | −66,963 | -19.6 | 21% |
| 2019 | 659,097 | 770,457 | −111,360 | -19.7 | 22% |
| 2020 | 644,070 | 756,582 | −112,512 | -21.8 | 16% |
| 2021 | 640,115 | 741,446 | −101,331 | -23.9 | 18% |
| 2022 | 640,374 | 763,770 | −123,396 | -25.2 | 21% |
| 2023 | 641,550 | 774,361 | −132,811 | -26.9 | 21% |
In its most recent public year (2023), this organization spent $132,811 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-26.9 months), down from 2.4 in 2008. 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
Metropolitan Housing Development 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