Senior Citizens Housing Development Fund Corporation Of Steuben County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,532,259 | 1,714,543 | −182,284 | -14.8 | 14% |
| 2021 | 1,543,634 | 1,828,954 | −285,320 | -15.8 | 14% |
| 2022 | 1,508,399 | 1,710,695 | −202,296 | -18.3 | 15% |
| 2023 | 1,620,218 | 1,645,701 | −25,483 | -19.2 | 17% |
| 2024 | 1,692,476 | 1,723,324 | −30,848 | -18.5 | 17% |
In its most recent public year (2024), this organization spent $30,848 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-18.5 months), down from -14.8 in 2020. Staff pay was 17% 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 2024. 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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