Happiness House Apartments Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 139,263 | 215,736 | −76,473 | -10.1 | 4% |
| 2022 | 330,515 | 259,285 | 71,230 | -5.1 | 4% |
| 2023 | 121,766 | 247,204 | −125,438 | -24.6 | 4% |
In its most recent public year (2023), this organization spent $125,438 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.6 months), down from -10.1 in 2021. Staff pay was 4% 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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