8th And C Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 338,825 | 444,410 | −105,585 | -9.8 | 10% |
| 2021 | 333,972 | 411,623 | −77,651 | -12.9 | 10% |
| 2022 | 338,028 | 453,977 | −115,949 | -14.8 | 8% |
| 2023 | 351,409 | 510,286 | −158,877 | -16.9 | 8% |
In its most recent public year (2023), this organization spent $158,877 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.9 months), down from -9.8 in 2020. Staff pay was 8% 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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