Fac Advance Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 0 | 0 | 0 | — | — |
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 132,647 | 197,973 | −65,326 | -1.9 | 0% |
| 2016 | 250,815 | 329,409 | −78,594 | -4.0 | 0% |
| 2017 | 274,825 | 317,947 | −43,122 | -5.8 | 0% |
| 2018 | 259,567 | 761,113 | −501,546 | -10.7 | 0% |
| 2019 | 262,333 | 338,805 | −76,472 | -26.8 | 0% |
| 2020 | 268,260 | 355,488 | −87,228 | -28.4 | 0% |
| 2021 | 232,046 | 388,542 | −156,496 | -30.9 | 0% |
| 2022 | 289,423 | 377,735 | −88,312 | -34.6 | 0% |
| 2023 | 321,980 | 384,029 | −62,049 | -35.1 | 0% |
In its most recent public year (2023), this organization spent $62,049 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-35.1 months). 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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