Friendship House Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 901,765 | 908,560 | −6,795 | -25.6 | 0% |
| 2022 | 922,959 | 1,005,172 | −82,213 | -26.4 | 0% |
| 2023 | 934,300 | 963,676 | −29,376 | -27.9 | 0% |
In its most recent public year (2023), this organization spent $29,376 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-27.9 months), down from -25.6 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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