Credo Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 135,833 | 132,085 | 3,748 | 51.6 | 30% |
| 2012 | 135,796 | 135,948 | −152 | 50.1 | 32% |
| 2013 | 108,277 | 122,943 | −14,666 | 55.2 | 33% |
| 2014 | 142,799 | 132,434 | 10,365 | 52.8 | 30% |
| 2015 | 126,555 | 120,313 | 6,242 | 58.7 | 33% |
| 2016 | 126,440 | 131,684 | −5,244 | 53.2 | 30% |
| 2017 | 180,074 | 138,607 | 41,467 | 54.1 | 29% |
| 2018 | 136,685 | 125,037 | 11,648 | 61.1 | 32% |
| 2019 | 202,180 | 129,819 | 72,361 | 65.6 | 31% |
| 2020 | 134,698 | 127,124 | 7,574 | 67.7 | 31% |
| 2021 | 136,885 | 126,574 | 10,311 | 68.9 | 35% |
| 2022 | 300,649 | 141,915 | 158,734 | 74.9 | 34% |
| 2023 | 127,758 | 155,883 | −28,125 | 66.0 | 26% |
In its most recent public year (2023), this organization spent $28,125 more than it brought in. Its reserves stood at about 66 months of spending, up from 51.6 in 2011. Staff pay was 26% 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
Credo 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