Houston Area Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,447,680 | 1,043,346 | 4,404,334 | 626.1 | 50% |
| 2021 | 18,930,292 | 3,082,600 | 15,847,692 | 278.6 | 29% |
| 2022 | 14,223,563 | 2,964,277 | 11,259,286 | 330.1 | 32% |
In its most recent public year (2022), this organization brought in $11,259,286 more than it spent. Its reserves stood at about 330.1 months of spending, down from 626.1 in 2020. Staff pay was 32% of spending. $11,880,001 of its net assets are donor-restricted.
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 2022. 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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