Houston Business Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,620,643 | 2,322,368 | 1,298,275 | 64.9 | 21% |
| 2021 | 6,854,030 | 6,027,862 | 826,168 | 33.4 | 17% |
| 2022 | 4,868,354 | 5,593,022 | −724,668 | 34.4 | 15% |
| 2023 | 6,050,246 | 6,841,582 | −791,336 | 27.4 | 14% |
In its most recent public year (2023), this organization spent $791,336 more than it brought in. Its reserves stood at about 27.4 months of spending, down from 64.9 in 2020. Staff pay was 14% 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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