Brc Landing Road I Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 308,945 | 187,660 | 121,285 | 36.6 | 0% |
| 2019 | 1,998,678 | 1,642,279 | 356,399 | 6.8 | 0% |
| 2020 | 1,904,151 | 1,935,353 | −31,202 | 5.6 | 0% |
| 2021 | 1,951,755 | 1,450,771 | 500,984 | 11.6 | 0% |
| 2022 | 2,000,549 | 1,434,793 | 565,756 | 16.4 | 0% |
| 2023 | 2,057,294 | 1,419,552 | 637,742 | 22.0 | 0% |
In its most recent public year (2023), this organization brought in $637,742 more than it spent. Its reserves stood at about 22 months of spending, down from 36.6 in 2018. Staff pay was 0% 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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