288 Willis Avenue Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | −73,526 | 20,984 | −94,510 | -96.1 | — |
| 2017 | −62,299 | 0 | −62,299 | — | — |
| 2018 | −60,000 | 0 | −60,000 | — | — |
| 2019 | −109,008 | 0 | −109,008 | — | — |
| 2020 | −113,921 | 0 | −113,921 | — | — |
| 2021 | 2,123 | 134,265 | −132,142 | -57.7 | — |
| 2022 | 2,128 | 130,968 | −128,840 | -70.9 | — |
| 2023 | 4,052 | 196,740 | −192,688 | -59.0 | — |
In its most recent public year (2023), this organization spent $192,688 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-59 months), up from -96.1 in 2016.
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
288 Willis Avenue Housing Development Fund Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works