Fac Renaissance Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 15,601 | 0 | 15,601 | — | — |
| 2017 | 1,025,358 | 990,471 | 34,887 | 0.6 | 0% |
| 2018 | 1,033,017 | 986,230 | 46,787 | 1.2 | 0% |
| 2019 | 1,144,093 | 1,277,935 | −133,842 | -0.3 | 0% |
| 2020 | 1,248,949 | 1,751,993 | −503,044 | -3.7 | 0% |
| 2021 | 1,252,229 | 1,642,752 | −390,523 | -6.8 | 0% |
| 2022 | 1,328,049 | 1,672,935 | −344,886 | -9.1 | 0% |
| 2023 | 1,417,932 | 1,662,334 | −244,402 | -11.0 | 0% |
In its most recent public year (2023), this organization spent $244,402 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11 months). 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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