Peninsula Housing Development Inc Xviii
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 273,197 | 463,484 | −190,287 | -4.3 | 6% |
| 2022 | 287,014 | 499,257 | −212,243 | -9.1 | 8% |
| 2023 | 318,025 | 519,412 | −201,387 | -13.4 | 7% |
In its most recent public year (2023), this organization spent $201,387 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.4 months), down from -4.3 in 2021. Staff pay was 7% 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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