Martin Luther King Housing Development Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 489,518 | 521,765 | −32,247 | 1.0 | 32% |
| 2013 | 699,368 | 664,858 | 34,510 | 1.4 | 20% |
| 2014 | 408,524 | 525,834 | −117,310 | 27.0 | 32% |
| 2015 | 299,088 | 409,448 | −110,360 | 23.2 | 33% |
| 2016 | 582,834 | 564,497 | 18,337 | -26.0 | 35% |
| 2017 | 285,779 | 402,105 | −116,326 | -17.2 | 38% |
| 2018 | 286,160 | 377,755 | −91,595 | -3.8 | 30% |
| 2019 | 294,731 | 405,126 | −110,395 | -6.9 | 29% |
| 2020 | 308,008 | 385,387 | −77,379 | -8.2 | 32% |
| 2021 | 333,613 | 426,231 | −92,618 | -12.0 | 33% |
| 2022 | 304,153 | 425,285 | −121,132 | -15.9 | 34% |
| 2023 | 293,366 | 368,390 | −75,024 | -16.3 | 39% |
| 2024 | 306,914 | 457,384 | −150,470 | -14.5 | 37% |
In its most recent public year (2024), this organization spent $150,470 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.5 months), down from 1 in 2012. Staff pay was 37% 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 2024. 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
Martin Luther King Housing Development Association's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works