Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 177,695 | 357,693 | −179,998 | -63.6 | 10% |
| 2013 | 228,813 | 427,796 | −198,983 | -58.7 | 8% |
| 2014 | 241,300 | 394,950 | −153,650 | -68.3 | 8% |
| 2015 | 419,542 | 391,161 | 28,381 | -68.1 | 7% |
| 2016 | 190,919 | 427,693 | −236,774 | -68.9 | 11% |
| 2017 | 234,709 | 464,800 | −230,091 | -69.3 | 9% |
| 2018 | 300,769 | 494,484 | −193,715 | -69.9 | 8% |
| 2019 | 212,846 | 537,087 | −324,241 | -71.6 | 10% |
| 2020 | 237,630 | 468,288 | −230,658 | -88.0 | 12% |
| 2021 | 238,028 | 412,820 | −174,792 | -104.9 | 13% |
| 2022 | 290,227 | 505,759 | −215,532 | -90.8 | 15% |
| 2023 | 308,378 | 574,433 | −266,055 | -85.5 | 10% |
In its most recent public year (2023), this organization spent $266,055 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-85.5 months), down from -63.6 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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