New Horizons Affordable Housing And Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,091,369 | 1,173,165 | 2,918,204 | 96.2 | 0% |
| 2022 | 8,342,325 | 2,349,570 | 5,992,755 | 78.6 | 0% |
| 2023 | 8,304,261 | 2,601,533 | 5,702,728 | 97.3 | 0% |
In its most recent public year (2023), this organization brought in $5,702,728 more than it spent. Its reserves stood at about 97.3 months of spending, up from 96.2 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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