Massdevelopment Hefa Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,042,684 | 377,315 | 665,369 | 358.1 | 0% |
| 2022 | 807,797 | 1,071,438 | −263,641 | 99.3 | 0% |
| 2023 | 74,249 | 247,455 | −173,206 | 450.7 | 0% |
In its most recent public year (2023), this organization spent $173,206 more than it brought in. Its reserves stood at about 450.7 months of spending, up from 358.1 in 2021. Staff pay was 0% of spending. $9,294,585 of its net assets are donor-restricted.
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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works