Harlem Community Initiative Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 617,223 | 493,559 | 123,664 | 105.5 | 0% |
| 2022 | 451,721 | 675,143 | −223,422 | 73.2 | 0% |
| 2023 | 428,621 | 588,995 | −160,374 | 80.4 | 0% |
In its most recent public year (2023), this organization spent $160,374 more than it brought in. Its reserves stood at about 80.4 months of spending, down from 105.5 in 2021. 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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