A Kornegay Senior Houses Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 899,497 | 1,621,086 | −721,589 | -46.4 | 9% |
| 2021 | 979,422 | 1,729,949 | −750,527 | -48.7 | 8% |
| 2022 | 1,507,156 | 1,785,505 | −278,349 | -49.0 | 8% |
| 2023 | 1,853,432 | 1,894,891 | −41,459 | -46.1 | 11% |
In its most recent public year (2023), this organization spent $41,459 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-46.1 months). Staff pay was 11% 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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