Salem Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 424,715 | 401,120 | 23,595 | -16.0 | 0% |
| 2012 | 435,606 | 513,780 | −78,174 | -14.3 | 0% |
| 2013 | 434,500 | 477,652 | −43,152 | -16.4 | 0% |
| 2014 | 449,236 | 497,996 | −48,760 | -16.9 | 0% |
| 2015 | 447,174 | 485,441 | −38,267 | -18.8 | 0% |
| 2016 | 546,780 | 537,103 | 9,677 | -16.8 | 0% |
| 2017 | 453,520 | 419,353 | 34,167 | -20.5 | 13% |
| 2018 | 467,690 | 580,716 | −113,026 | -17.4 | 9% |
| 2019 | 525,584 | 405,772 | 119,812 | -21.3 | 4% |
| 2020 | 480,200 | 458,340 | 21,860 | -19.3 | 11% |
| 2021 | 482,802 | 527,358 | −44,556 | -17.8 | 17% |
| 2022 | 495,493 | 490,177 | 5,316 | -19.3 | 20% |
| 2023 | 511,647 | 520,697 | −9,050 | -18.4 | 21% |
In its most recent public year (2023), this organization spent $9,050 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-18.4 months), down from -16 in 2011. Staff pay was 21% 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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