Cedo Housing Development Corporation
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $1,192,357 | $1,241,928 | −$49,571 | 12.6 | 0% |
| 2021 | $1,259,699 | $1,282,817 | −$23,118 | 12.0 | 0% |
| 2022 | $1,240,730 | $1,633,827 | −$393,097 | -14.0 | 0% |
| 2023 | $1,236,728 | $1,712,220 | −$475,492 | -8.0 | 0% |
In its most recent public year (2023), this organization spent $475,492 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8 months), down from 12.6 in 2020. 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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