Mcgee Plaza Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 284,512 | 419,288 | −134,776 | 1.1 | 0% |
| 2019 | 266,066 | 306,559 | −40,493 | -1.5 | 0% |
| 2020 | 293,486 | 337,830 | −44,344 | -3.0 | 0% |
| 2021 | 295,540 | 338,917 | −43,377 | -4.5 | 0% |
| 2022 | 294,031 | 365,981 | −71,950 | -6.5 | 0% |
| 2023 | 248,489 | 369,989 | −121,500 | -10.4 | 0% |
In its most recent public year (2023), this organization spent $121,500 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.4 months), down from 1.1 in 2017. 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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