Northern Adirondack Housing Development Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 428,914 | 614,025 | −185,111 | -16.7 | 10% |
| 2021 | 478,974 | 676,705 | −197,731 | -18.7 | 9% |
| 2022 | 505,131 | 681,542 | −176,411 | -21.6 | 9% |
| 2023 | 513,180 | 666,640 | −153,460 | -24.9 | 9% |
In its most recent public year (2023), this organization spent $153,460 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.9 months), down from -16.7 in 2020. Staff pay was 9% 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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