Nelson Luquer Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 437,589 | 516,478 | −78,889 | -18.9 | 14% |
| 2021 | 435,367 | 545,522 | −110,155 | -20.3 | 13% |
| 2022 | 458,750 | 581,212 | −122,462 | -21.6 | 14% |
| 2023 | 434,739 | 587,621 | −152,882 | -24.5 | 10% |
In its most recent public year (2023), this organization spent $152,882 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.5 months), down from -18.9 in 2020. Staff pay was 10% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works