Lutheran Housing Development Company Llc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 43,622 | 72,009 | −28,387 | 130.2 | 0% |
| 2021 | 78,842 | 74,471 | 4,371 | 126.6 | 0% |
| 2022 | 366,756 | 120,880 | 245,876 | 102.4 | 0% |
| 2023 | 43,560 | 146,177 | −102,617 | 76.3 | 0% |
In its most recent public year (2023), this organization spent $102,617 more than it brought in. Its reserves stood at about 76.3 months of spending, down from 130.2 in 2020. Staff pay was 0% of spending. $929,186 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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