Chelsea Leaf South Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 332,443 | 435,228 | −102,785 | -2.8 | 15% |
| 2021 | 945,267 | 1,412,099 | −466,832 | -4.8 | 17% |
| 2022 | 1,332,095 | 1,590,695 | −258,600 | -6.2 | 18% |
In its most recent public year (2022), this organization spent $258,600 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.2 months), down from -2.8 in 2020. Staff pay was 18% 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 2022. 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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