Peninsula Housing Development Inc Viii
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 603,307 | 718,955 | −115,648 | -56.3 | 16% |
| 2021 | 602,827 | 761,902 | −159,075 | -55.6 | 15% |
| 2022 | 600,566 | 824,034 | −223,468 | -54.7 | 17% |
| 2023 | 630,800 | 819,715 | −188,915 | -57.7 | 16% |
In its most recent public year (2023), this organization spent $188,915 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-57.7 months), down from -56.3 in 2020. Staff pay was 16% 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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