Rockford Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,929,681 | 1,560,858 | 368,823 | -9.5 | 17% |
| 2012 | 2,052,628 | 1,671,017 | 381,611 | -6.2 | 16% |
| 2013 | 2,099,744 | 1,772,933 | 326,811 | -3.6 | 16% |
| 2014 | 2,087,041 | 1,881,555 | 205,486 | -2.1 | 17% |
| 2015 | 2,055,225 | 1,842,828 | 212,397 | -0.7 | 17% |
| 2016 | 2,086,999 | 1,906,589 | 180,410 | 0.4 | 0% |
| 2017 | 2,152,418 | 1,912,238 | 240,180 | 1.9 | 18% |
| 2018 | 2,201,599 | 1,962,753 | 238,846 | 3.3 | 19% |
| 2019 | 2,226,218 | 1,948,242 | 277,976 | 5.1 | 19% |
| 2020 | 6,908,564 | 1,286,792 | 5,621,772 | 60.1 | 19% |
| 2021 | 5,193 | 361,024 | −355,831 | 202.5 | 0% |
| 2022 | 4,825 | 509,456 | −504,631 | 131.6 | 0% |
| 2023 | 79,912 | 487,086 | −407,174 | 127.6 | 0% |
In its most recent public year (2023), this organization spent $407,174 more than it brought in. Its reserves stood at about 127.6 months of spending, up from -9.5 in 2011. 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
Rockford 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