Durham Housing Assoc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 419,302 | 496,280 | −76,978 | -13.9 | 0% |
| 2021 | 421,588 | 530,297 | −108,709 | -15.5 | 0% |
| 2022 | 436,435 | 509,575 | −73,140 | -17.8 | 0% |
| 2023 | 451,229 | 561,019 | −109,790 | -18.6 | 0% |
In its most recent public year (2023), this organization spent $109,790 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-18.6 months), down from -13.9 in 2020. Staff pay was 0% 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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