Mhany 2002 Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 29,361 | 130,305 | −100,944 | 14.9 | 0% |
| 2013 | 212,638 | 442,489 | −229,851 | -1.8 | 11% |
| 2014 | 338,162 | 415,761 | −77,599 | -4.2 | 10% |
| 2015 | 1,118,819 | 1,292,786 | −173,967 | -3.0 | 9% |
| 2016 | 949,108 | 1,148,404 | −199,296 | -5.4 | 10% |
| 2017 | 1,004,919 | 1,301,522 | −296,603 | -27.5 | 0% |
| 2018 | 1,105,176 | 1,217,599 | −112,423 | -30.5 | 0% |
| 2019 | 538,583 | 641,523 | −102,940 | -62.7 | 0% |
| 2020 | 1,045,812 | 1,232,073 | −186,261 | -34.3 | 0% |
| 2021 | 1,075,365 | 1,335,982 | −260,617 | -33.9 | 0% |
| 2022 | 1,200,942 | 1,425,022 | −224,080 | -33.7 | 0% |
| 2023 | 1,215,249 | 1,599,483 | −384,234 | -32.9 | 0% |
In its most recent public year (2023), this organization spent $384,234 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-32.9 months), down from 14.9 in 2012. 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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