Innovative Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,189,518 | 5,945,245 | 244,273 | 3.7 | 65% |
| 2012 | 6,073,530 | 5,806,206 | 267,324 | 4.3 | 64% |
| 2013 | 5,243,356 | 5,104,971 | 138,385 | 5.7 | 62% |
| 2014 | 5,557,138 | 5,224,839 | 332,299 | 6.8 | 62% |
| 2015 | 5,496,961 | 5,268,307 | 228,654 | 7.0 | 64% |
| 2016 | 5,601,359 | 5,301,113 | 300,246 | 8.0 | 64% |
| 2017 | 6,127,008 | 5,505,482 | 621,526 | 9.1 | 65% |
| 2018 | 6,669,061 | 6,324,886 | 344,175 | 8.6 | 66% |
| 2019 | 6,788,863 | 6,481,774 | 307,089 | 9.2 | 67% |
| 2020 | 7,882,983 | 7,557,614 | 325,369 | 8.4 | 68% |
| 2021 | 9,357,323 | 8,679,820 | 677,503 | 8.7 | 66% |
| 2022 | 10,712,191 | 9,879,802 | 832,389 | 7.2 | 68% |
| 2023 | 11,882,775 | 11,139,484 | 743,291 | 7.0 | 70% |
In its most recent public year (2023), this organization brought in $743,291 more than it spent. Its reserves stood at about 7 months of spending, up from 3.7 in 2011. Staff pay was 70% 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
Innovative 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