Us Mcleod Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,476,976 | 2,051,518 | −574,542 | -7.4 | 11% |
| 2021 | 1,427,008 | 1,965,753 | −538,745 | -11.0 | 12% |
| 2022 | 1,454,276 | 1,989,620 | −535,344 | -14.0 | 12% |
| 2023 | 1,471,595 | 2,131,905 | −660,310 | -16.8 | 12% |
In its most recent public year (2023), this organization spent $660,310 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.8 months), down from -7.4 in 2020. Staff pay was 12% 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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