Midwest Housing Development Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,975,078 | 1,121,282 | 853,796 | 105.5 | 38% |
| 2021 | 2,208,026 | 1,266,183 | 941,843 | 111.3 | 41% |
| 2022 | 5,284,967 | 1,297,140 | 3,987,827 | 183.6 | 42% |
| 2023 | 5,776,652 | 1,853,460 | 3,923,192 | 163.9 | 32% |
In its most recent public year (2023), this organization brought in $3,923,192 more than it spent. Its reserves stood at about 163.9 months of spending, up from 105.5 in 2020. Staff pay was 32% 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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