Lutheran Housing Development Fund Corporation At Concord Village
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 585,887 | 814,736 | −228,849 | -16.6 | 18% |
| 2021 | 609,766 | 833,961 | −224,195 | -19.4 | 20% |
| 2022 | 710,991 | 849,422 | −138,431 | -21.0 | 19% |
| 2023 | 680,159 | 846,004 | −165,845 | -23.5 | 22% |
In its most recent public year (2023), this organization spent $165,845 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-23.5 months), down from -16.6 in 2020. Staff pay was 22% 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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