Interfaith Housing Development Corporation Of Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,277,418 | 4,103,746 | 1,173,672 | 27.1 | 10% |
| 2021 | 15,355,980 | 14,812,673 | 543,307 | 7.7 | 3% |
| 2022 | 7,428,837 | 8,351,872 | −923,035 | 11.5 | 5% |
| 2023 | 7,506,269 | 14,167,802 | −6,661,533 | 0.7 | 3% |
In its most recent public year (2023), this organization spent $6,661,533 more than it brought in. Its reserves stood at about 0.7 months of spending, down from 27.1 in 2020. Staff pay was 3% of spending. $935,067 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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