Neighborhood Housing Renewal Corporation Ii
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 237,262 | 311,082 | −73,820 | -89.8 | 6% |
| 2021 | 231,665 | 326,338 | −94,673 | -89.0 | 5% |
| 2022 | 276,118 | 355,742 | −79,624 | -84.3 | 5% |
| 2023 | 259,011 | 371,115 | −112,104 | -84.5 | 5% |
In its most recent public year (2023), this organization spent $112,104 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-84.5 months), up from -89.8 in 2020. Staff pay was 5% 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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