Midland Community Housing Development Organization
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,050,464 | 1,175,984 | −125,520 | -1.7 | 10% |
| 2021 | 667,477 | 813,998 | −146,521 | -4.7 | 16% |
| 2022 | 1,751,250 | 1,550,792 | 200,458 | -0.9 | 9% |
| 2023 | 680,549 | 829,672 | −149,123 | -3.9 | 18% |
In its most recent public year (2023), this organization spent $149,123 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.9 months), down from -1.7 in 2020. Staff pay was 18% 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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