Summit Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,501,008 | 1,184,690 | 316,318 | 54.4 | 0% |
| 2012 | 1,382,127 | 1,154,315 | 227,812 | 60.2 | 0% |
| 2013 | 1,421,201 | 1,172,923 | 248,278 | 63.7 | 0% |
| 2014 | 1,352,799 | 1,244,771 | 108,028 | 63.0 | 0% |
| 2015 | 1,607,274 | 1,110,934 | 496,340 | 75.9 | 5% |
| 2016 | 1,551,981 | 1,171,367 | 380,614 | 75.9 | 5% |
| 2017 | 1,967,608 | 1,588,576 | 379,032 | 58.8 | 14% |
| 2018 | 3,971,785 | 1,713,220 | 2,258,565 | 70.4 | 15% |
| 2019 | 2,450,914 | 1,848,947 | 601,967 | 69.1 | 15% |
| 2020 | 2,496,563 | 1,849,603 | 646,960 | 73.3 | 16% |
| 2021 | 6,108,659 | 2,073,819 | 4,034,840 | 88.7 | 15% |
| 2022 | 3,300,890 | 2,912,359 | 388,531 | 63.9 | 22% |
| 2023 | 5,540,946 | 2,877,826 | 2,663,120 | 75.8 | 17% |
In its most recent public year (2023), this organization brought in $2,663,120 more than it spent. Its reserves stood at about 75.8 months of spending, up from 54.4 in 2011. Staff pay was 17% of spending. $4,188,327 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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