Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,536,196 | 1,336,712 | 199,484 | 34.5 | 52% |
| 2011 | 1,738,065 | 1,909,804 | −171,739 | 23.1 | 46% |
| 2012 | 2,616,976 | 2,478,448 | 138,528 | 20.5 | 54% |
| 2013 | 2,718,407 | 3,052,224 | −333,817 | 13.4 | 44% |
| 2014 | 3,469,566 | 3,551,708 | −82,142 | 11.3 | 49% |
| 2015 | 3,126,580 | 2,933,011 | 193,569 | 14.4 | 46% |
| 2016 | 2,600,426 | 2,898,733 | −298,307 | 13.4 | 49% |
| 2017 | 2,856,352 | 3,257,019 | −400,667 | 4.9 | 45% |
| 2018 | 2,825,874 | 3,460,350 | −634,476 | 2.5 | 47% |
| 2019 | 3,090,076 | 3,648,261 | −558,185 | 0.5 | 49% |
| 2020 | 4,747,372 | 4,456,904 | 290,468 | 1.2 | 48% |
| 2021 | 3,802,833 | 3,981,841 | −179,008 | 0.8 | 54% |
| 2022 | 3,293,361 | 4,187,568 | −894,207 | -1.8 | 49% |
| 2023 | 1,153,261 | 1,709,767 | −556,506 | -8.3 | 10% |
In its most recent public year (2023), this organization spent $556,506 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.3 months), down from 34.5 in 2010. Staff pay was 10% 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
Housing 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