Mhany 2004 Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 844,249 | 806,149 | 38,100 | -19.5 | 0% |
| 2020 | 1,592,715 | 1,686,017 | −93,302 | -10.0 | 0% |
| 2021 | 1,669,888 | 1,953,978 | −284,090 | -10.4 | 0% |
| 2022 | 1,665,025 | 2,187,122 | −522,097 | -12.1 | 0% |
| 2023 | 1,699,486 | 2,211,492 | −512,006 | -14.8 | 0% |
In its most recent public year (2023), this organization spent $512,006 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.8 months), up from -19.5 in 2019. 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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