Royal Gardens Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 694,319 | 689,913 | 4,406 | -18.6 | 15% |
| 2012 | 713,447 | 690,448 | 22,999 | -18.2 | 15% |
| 2013 | 707,457 | 654,564 | 52,893 | -18.3 | 17% |
| 2014 | 713,675 | 678,550 | 35,125 | -17.0 | 17% |
| 2015 | 720,414 | 660,263 | 60,151 | -16.4 | 18% |
| 2016 | 728,857 | 670,302 | 58,555 | -15.1 | 18% |
| 2017 | 736,038 | 678,410 | 57,628 | -13.9 | 18% |
| 2018 | 747,210 | 691,289 | 55,921 | -12.7 | 17% |
| 2019 | 755,667 | 692,940 | 62,727 | -11.5 | 17% |
| 2020 | 775,455 | 700,378 | 75,077 | -10.1 | 19% |
| 2021 | 785,571 | 719,012 | 66,559 | -8.8 | 20% |
| 2022 | 783,298 | 776,979 | 6,319 | -8.0 | 18% |
| 2023 | 827,408 | 767,859 | 59,549 | -7.2 | 19% |
In its most recent public year (2023), this organization brought in $59,549 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-7.2 months), up from -18.6 in 2011. Staff pay was 19% 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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