Friendship Manor Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 497,307 | 488,081 | 9,226 | -11.3 | 17% |
| 2022 | 520,951 | 527,433 | −6,482 | -10.6 | 17% |
| 2023 | 530,514 | 524,158 | 6,356 | -10.6 | 18% |
In its most recent public year (2023), this organization brought in $6,356 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-10.6 months). Staff pay was 18% 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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