512 Lemoyne Avenue Housing Development Fund Co Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 272,187 | 379,754 | −107,567 | -111.6 | 11% |
| 2021 | 569,250 | 369,686 | 199,564 | -108.2 | 11% |
| 2022 | 310,299 | 422,637 | −112,338 | -97.8 | 9% |
| 2023 | 240,381 | 455,080 | −214,699 | -96.5 | 8% |
In its most recent public year (2023), this organization spent $214,699 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-96.5 months), up from -111.6 in 2020. 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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