Mrc Melrose Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 498,002 | 513,432 | −15,430 | -1.6 | 0% |
| 2017 | 504,093 | 551,791 | −47,698 | -2.2 | 0% |
| 2018 | 513,812 | 583,084 | −69,272 | -3.5 | 0% |
| 2019 | 541,857 | 560,639 | −18,782 | -4.0 | 0% |
| 2020 | 539,925 | 616,304 | −76,379 | -5.1 | 0% |
| 2021 | 554,595 | 583,512 | −28,917 | -6.0 | 0% |
| 2022 | 551,042 | 608,019 | −56,977 | -6.9 | 0% |
| 2023 | 544,053 | 643,915 | −99,862 | -8.5 | 0% |
In its most recent public year (2023), this organization spent $99,862 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.5 months), down from -1.6 in 2016. Staff pay was 0% 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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