Council Towers V Housingdevelopment Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 65,368 | 35,013 | 30,355 | 720.0 | 1% |
| 2012 | 692,079 | 1,276,216 | −584,137 | 14.3 | 9% |
| 2013 | 699,272 | 1,261,572 | −562,300 | 9.1 | 9% |
| 2014 | 689,442 | 1,251,672 | −562,230 | 3.8 | 0% |
| 2015 | 704,827 | 1,234,934 | −530,107 | -1.3 | 0% |
| 2016 | 673,644 | 1,259,764 | −586,120 | -6.9 | 0% |
| 2017 | 669,647 | 1,254,343 | −584,696 | -12.5 | 0% |
| 2018 | 743,999 | 1,494,439 | −750,440 | -16.5 | 0% |
| 2019 | 792,808 | 1,376,103 | −583,295 | -23.0 | 0% |
| 2020 | 834,305 | 1,496,612 | −662,307 | -26.5 | 0% |
| 2021 | 804,485 | 1,502,493 | −698,008 | -32.0 | 0% |
| 2022 | 755,036 | 1,514,476 | −759,440 | -37.7 | 0% |
| 2023 | 796,228 | 1,538,951 | −742,723 | -42.9 | 0% |
In its most recent public year (2023), this organization spent $742,723 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-42.9 months), down from 720 in 2011. Staff pay was 0% 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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