Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 292,869 | 359,827 | −66,958 | -60.6 | 9% |
| 2013 | 165,200 | 400,483 | −235,283 | -61.5 | 7% |
| 2014 | 157,817 | 350,151 | −192,334 | -77.0 | 6% |
| 2015 | 164,570 | 470,826 | −306,256 | -65.0 | 5% |
| 2016 | 329,124 | 774,111 | −444,987 | -46.5 | 2% |
| 2017 | 252,485 | 662,220 | −409,735 | -61.7 | 5% |
| 2018 | 183,977 | 457,323 | −273,346 | -96.6 | 7% |
| 2019 | 265,589 | 526,176 | −260,587 | -89.9 | 7% |
| 2020 | 239,674 | 408,435 | −168,761 | -120.7 | 12% |
| 2021 | 239,347 | 427,631 | −188,284 | -120.6 | 14% |
| 2022 | 358,869 | 540,522 | −181,653 | -99.4 | 10% |
| 2023 | 259,938 | 504,507 | −244,569 | -112.4 | 10% |
In its most recent public year (2023), this organization spent $244,569 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-112.4 months), down from -60.6 in 2012. Staff pay was 10% 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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