St Mark Affordable Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,816,574 | 2,115,652 | −299,078 | -13.3 | 10% |
| 2021 | 3,010,067 | 2,249,964 | 760,103 | -8.4 | 10% |
| 2022 | 1,853,732 | 2,329,928 | −476,196 | -10.6 | 11% |
| 2023 | 1,836,119 | 2,488,932 | −652,813 | -13.0 | 10% |
In its most recent public year (2023), this organization spent $652,813 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13 months). Staff pay was 10% 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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