Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 498,350 | 1,159,725 | −661,375 | -70.2 | 12% |
| 2020 | 514,198 | 957,274 | −443,076 | -90.6 | 16% |
| 2021 | 716,348 | 1,098,857 | −382,509 | -83.1 | 13% |
| 2022 | 578,690 | 1,104,552 | −525,862 | -88.4 | 17% |
| 2023 | 1,274,693 | 1,200,134 | 74,559 | -80.6 | 13% |
In its most recent public year (2023), this organization brought in $74,559 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-80.6 months), down from -70.2 in 2019. Staff pay was 13% 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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