Norfolk Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 153,360 | 144,010 | 9,350 | 43.6 | 0% |
| 2017 | 418,535 | 509,560 | −91,025 | 13.0 | 0% |
| 2018 | 351,544 | 395,934 | −44,390 | 38.6 | 0% |
| 2019 | 934,371 | 1,036,223 | −101,852 | 13.6 | 0% |
| 2020 | 184,983 | 177,348 | 7,635 | 79.7 | 0% |
| 2021 | 194,017 | 195,773 | −1,756 | 72.1 | 0% |
| 2022 | 71,440 | 34,845 | 36,595 | 417.6 | 0% |
| 2023 | 179,699 | 18,827 | 160,872 | 875.4 | 0% |
In its most recent public year (2023), this organization brought in $160,872 more than it spent. Its reserves stood at about 875.4 months of spending, up from 43.6 in 2016. 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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