Metropolitan Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 336,181 | 490,445 | −154,264 | -3.8 | 9% |
| 2017 | 574,753 | 575,791 | −1,038 | -3.2 | 11% |
| 2018 | 592,961 | 668,969 | −76,008 | -4.1 | 11% |
| 2019 | 619,269 | 648,461 | −29,192 | -4.8 | 12% |
| 2020 | 607,535 | 660,510 | −52,975 | -5.7 | 12% |
| 2021 | 663,759 | 605,145 | 58,614 | -5.1 | 0% |
| 2022 | 669,573 | 646,000 | 23,573 | -4.3 | 10% |
| 2023 | 664,580 | 701,420 | −36,840 | -4.6 | 10% |
In its most recent public year (2023), this organization spent $36,840 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.6 months). Staff pay was 10% 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
Metropolitan Housing Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works