Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 364,396 | 354,046 | 10,350 | -62.3 | 11% |
| 2013 | 250,822 | 402,220 | −151,398 | -59.3 | 8% |
| 2014 | 254,271 | 433,242 | −178,971 | -60.0 | 6% |
| 2015 | 259,387 | 510,860 | −251,473 | -56.8 | 5% |
| 2016 | 389,660 | 677,273 | −287,613 | -48.0 | 9% |
| 2017 | 373,525 | 796,652 | −423,127 | -47.1 | 5% |
| 2018 | 311,002 | 449,829 | −138,827 | -87.2 | 8% |
| 2019 | 240,747 | 626,305 | −385,558 | -70.0 | 7% |
| 2020 | 290,787 | 416,732 | −125,945 | -108.9 | 13% |
| 2021 | 402,495 | 567,533 | −165,038 | -83.4 | 12% |
| 2022 | 295,511 | 515,158 | −219,647 | -97.0 | 11% |
| 2023 | 329,387 | 477,327 | −147,940 | -108.4 | 11% |
In its most recent public year (2023), this organization spent $147,940 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-108.4 months), down from -62.3 in 2012. Staff pay was 11% 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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