Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 903,393 | 1,986,109 | −1,082,716 | -57.8 | 6% |
| 2020 | 796,580 | 1,359,961 | −563,381 | -89.4 | 10% |
| 2021 | 817,587 | 1,274,092 | −456,505 | -99.7 | 14% |
| 2022 | 759,061 | 1,172,726 | −413,665 | -112.6 | 14% |
| 2023 | 802,968 | 1,261,870 | −458,902 | -109.0 | 12% |
In its most recent public year (2023), this organization spent $458,902 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-109 months), down from -57.8 in 2019. Staff pay was 12% 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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