Milford Housing Development Corperation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,303,680 | 4,098,264 | 205,416 | 7.8 | 34% |
| 2012 | 5,005,278 | 4,587,061 | 418,217 | 8.1 | 31% |
| 2013 | 5,935,705 | 5,519,024 | 416,681 | 7.8 | 40% |
| 2014 | 5,656,308 | 6,611,570 | −955,262 | 5.0 | 34% |
| 2015 | 7,306,600 | 6,660,859 | 645,741 | 4.3 | 35% |
| 2016 | 6,122,134 | 6,672,389 | −550,255 | 3.3 | 33% |
| 2017 | 8,076,994 | 7,579,744 | 497,250 | 3.7 | 28% |
| 2018 | 9,869,779 | 11,757,170 | −1,887,391 | -8.2 | 22% |
| 2019 | 14,754,367 | 13,952,533 | 801,834 | -7.0 | 19% |
| 2020 | 12,513,663 | 10,399,363 | 2,114,300 | -7.6 | 29% |
| 2021 | 10,337,525 | 10,122,363 | 215,162 | -8.8 | 27% |
| 2022 | 10,610,866 | 10,971,772 | −360,906 | -8.6 | 27% |
| 2023 | 10,266,400 | 11,627,693 | −1,361,293 | -10.4 | 26% |
In its most recent public year (2023), this organization spent $1,361,293 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.4 months), down from 7.8 in 2011. Staff pay was 26% of spending. $1,659,588 of its net assets are donor-restricted.
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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