Haven Towers Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,049,768 | 1,050,837 | −1,069 | -2.5 | 0% |
| 2021 | 1,103,686 | 1,113,571 | −9,885 | -2.4 | 22% |
| 2022 | 1,108,596 | 1,199,456 | −90,860 | -3.4 | 24% |
| 2023 | 1,137,347 | 1,313,740 | −176,393 | -4.7 | 20% |
In its most recent public year (2023), this organization spent $176,393 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.7 months), down from -2.5 in 2020. Staff pay was 20% 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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