Project Home Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 353,725 | 356,173 | −2,448 | -43.0 | 0% |
| 2021 | 397,423 | 398,663 | −1,240 | -38.5 | 0% |
| 2022 | 412,459 | 511,477 | −99,018 | -32.3 | 0% |
| 2023 | 598,155 | 528,385 | 69,770 | -29.7 | 0% |
In its most recent public year (2023), this organization brought in $69,770 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-29.7 months), up from -43 in 2020. Staff pay was 0% 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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