New Directions Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 108,476 | 162,454 | −53,978 | 49.6 | 16% |
| 2012 | 142,887 | 140,602 | 2,285 | 57.4 | 19% |
| 2013 | 722,540 | 582,090 | 140,450 | 15.9 | 30% |
| 2014 | 120,096 | 1,081,163 | −961,067 | -2.1 | 18% |
| 2015 | 648,584 | 941,460 | −292,876 | -0.6 | 19% |
| 2016 | 299,600 | 822,200 | −522,600 | -8.2 | 23% |
| 2017 | 592,124 | 1,503,279 | −911,155 | -11.9 | 12% |
| 2018 | 523,205 | 625,561 | −102,356 | -30.0 | 37% |
| 2019 | 2,591,926 | 696,580 | 1,895,346 | 5.4 | 42% |
| 2020 | 17,268,296 | 916,376 | 16,351,920 | 211.8 | 43% |
| 2021 | 399,054 | 823,527 | −424,473 | 224.7 | 49% |
| 2022 | 141,307 | 645,351 | −504,044 | 272.1 | 63% |
| 2023 | 221,054 | 613,647 | −392,593 | 274.6 | 59% |
In its most recent public year (2023), this organization spent $392,593 more than it brought in. Its reserves stood at about 274.6 months of spending, up from 49.6 in 2011. Staff pay was 59% 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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