Bangor Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,869,244 | 1,252,389 | 1,616,855 | 36.5 | 0% |
| 2013 | 1,371,570 | 1,379,858 | −8,288 | 33.1 | 0% |
| 2014 | 1,375,768 | 1,582,397 | −206,629 | 27.3 | 0% |
| 2015 | 1,576,093 | 1,680,314 | −104,221 | 24.9 | 0% |
| 2016 | 2,099,618 | 2,178,942 | −79,324 | 18.8 | 0% |
| 2017 | 2,009,294 | 2,371,616 | −362,322 | 15.4 | 0% |
| 2018 | 2,158,517 | 2,378,931 | −220,414 | 14.3 | 0% |
| 2019 | 3,592,338 | 2,683,408 | 908,930 | 16.7 | 0% |
| 2020 | 2,507,970 | 2,784,641 | −276,671 | 14.9 | 0% |
| 2021 | 2,567,289 | 2,679,510 | −112,221 | 15.0 | 5% |
| 2022 | 2,631,454 | 3,121,880 | −490,426 | 10.9 | 7% |
| 2023 | 2,693,999 | 3,036,759 | −342,760 | 9.9 | 8% |
In its most recent public year (2023), this organization spent $342,760 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 36.5 in 2012. Staff pay was 8% 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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