Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 477,743 | 555,448 | −77,705 | -69.9 | 12% |
| 2020 | 279,043 | 540,247 | −261,204 | -77.6 | 13% |
| 2021 | 269,784 | 523,301 | −253,517 | -86.0 | 13% |
| 2022 | 218,078 | 491,942 | −273,864 | -98.1 | 18% |
| 2023 | 303,887 | 668,314 | −364,427 | -78.8 | 11% |
In its most recent public year (2023), this organization spent $364,427 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-78.8 months), down from -69.9 in 2019. Staff pay was 11% 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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