1260 Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,083,477 | 12,661,396 | 2,422,081 | 22.8 | 0% |
| 2012 | 18,518,495 | 9,477,311 | 9,041,184 | 43.1 | 2% |
| 2013 | 18,044,131 | 15,855,442 | 2,188,689 | 27.8 | 0% |
| 2014 | 16,056,627 | 15,703,838 | 352,789 | 29.9 | 0% |
| 2015 | 16,528,398 | 13,751,747 | 2,776,651 | 34.4 | 0% |
| 2016 | 15,867,863 | 14,644,572 | 1,223,291 | 32.3 | 0% |
| 2017 | 15,795,373 | 14,956,965 | 838,408 | 33.1 | 0% |
| 2018 | 13,519,495 | 15,080,061 | −1,560,566 | 32.5 | 0% |
| 2019 | 14,927,032 | 15,599,559 | −672,527 | 31.3 | 0% |
| 2020 | 14,204,821 | 15,518,496 | −1,313,675 | 31.1 | 0% |
| 2021 | 16,577,131 | 15,918,854 | 658,277 | 34.4 | 0% |
| 2022 | 16,943,789 | 16,383,534 | 560,255 | 33.0 | 0% |
| 2023 | 15,658,972 | 16,034,802 | −375,830 | 34.0 | 0% |
In its most recent public year (2023), this organization spent $375,830 more than it brought in. Its reserves stood at about 34 months of spending, up from 22.8 in 2011. Staff pay was 0% of spending. $2,903,710 of its net assets are donor-restricted.
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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