Homestead Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 925,435 | 222,153 | 703,282 | 38.7 | 0% |
| 2013 | 366,522 | 454,033 | −87,511 | 16.6 | 0% |
| 2014 | 190,554 | 330,986 | −140,432 | 17.7 | 0% |
| 2015 | 380,455 | 432,746 | −52,291 | 20.2 | 0% |
| 2016 | 516,847 | 501,509 | 15,338 | 17.7 | 0% |
| 2017 | 580,610 | 403,600 | 177,010 | 45.0 | 0% |
| 2018 | 652,199 | 602,744 | 49,455 | 31.1 | 11% |
| 2019 | 802,700 | 838,852 | −36,152 | 20.5 | 25% |
| 2020 | 1,186,499 | 1,201,224 | −14,725 | 14.2 | 31% |
| 2022 | 2,514,935 | 1,910,533 | 604,402 | 14.6 | 28% |
| 2023 | 2,120,065 | 1,557,344 | 562,721 | 21.3 | 23% |
In its most recent public year (2023), this organization brought in $562,721 more than it spent. Its reserves stood at about 21.3 months of spending, down from 38.7 in 2012. Staff pay was 23% of spending. $250,000 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
Homestead Community Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works