Housing Promise Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 733 | −733 | 159639.7 | 0% |
| 2015 | 0 | 1,350 | −1,350 | 86678.9 | 0% |
| 2016 | 0 | 9,752,657 | −9,752,657 | 0.0 | — |
| 2017 | 0 | 1,367 | −1,367 | 0.0 | — |
| 2018 | 0 | 1,250 | −1,250 | 0.0 | — |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 0 | 3,892,411 | −3,892,411 | 18.1 | 0% |
| 2021 | 717,273 | 5,858,846 | −5,141,573 | 1.5 | 0% |
| 2022 | 2,450,097 | 1,619 | 2,448,478 | 23464.5 | 0% |
| 2023 | 42,068 | 1,313 | 40,755 | 29305.5 | 0% |
In its most recent public year (2023), this organization brought in $40,755 more than it spent. Its reserves stood at about 29305.5 months of spending, down from 159639.7 in 2014. Staff pay was 0% of spending. $3,206,506 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
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