Beatrice C Catullo Residence Housing Development Fund Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 689,984 | 1,112,960 | −422,976 | -19.1 | 7% |
| 2021 | 764,209 | 1,121,783 | −357,574 | -23.9 | 7% |
| 2022 | 919,678 | 1,293,251 | −373,573 | -24.2 | 6% |
| 2023 | 1,057,252 | 1,288,945 | −231,693 | -26.5 | 6% |
In its most recent public year (2023), this organization spent $231,693 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-26.5 months), down from -19.1 in 2020. Staff pay was 6% 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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