Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 127,067 | 318,166 | −191,099 | -67.1 | 12% |
| 2013 | 158,964 | 346,341 | −187,377 | -68.1 | 11% |
| 2014 | 163,170 | 354,907 | −191,737 | -73.0 | 10% |
| 2015 | 367,475 | 328,483 | 38,992 | -77.4 | 8% |
| 2016 | 181,491 | 385,328 | −203,837 | -72.3 | 12% |
| 2017 | 166,930 | 387,362 | −220,432 | -78.8 | 12% |
| 2018 | 175,262 | 368,863 | −193,601 | -89.0 | 11% |
| 2019 | 213,724 | 556,034 | −342,310 | -66.5 | 10% |
| 2020 | 234,964 | 482,723 | −247,759 | -82.7 | 13% |
| 2021 | 311,212 | 454,132 | −142,920 | -91.7 | 13% |
| 2022 | 244,399 | 494,372 | −249,973 | -90.3 | 16% |
| 2023 | 192,461 | 457,961 | −265,500 | -104.4 | 14% |
In its most recent public year (2023), this organization spent $265,500 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-104.4 months), down from -67.1 in 2012. Staff pay was 14% 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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