Hip Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,144,659 | 1,671,999 | −527,340 | -8.6 | 0% |
| 2012 | 1,135,150 | 1,471,306 | −336,156 | -12.5 | 0% |
| 2013 | 1,262,434 | 1,555,285 | −292,851 | -14.1 | 0% |
| 2014 | 1,379,880 | 1,988,631 | −608,751 | -14.7 | 0% |
| 2015 | 4,609,772 | 1,866,336 | 2,743,436 | 2.0 | 6% |
| 2016 | 2,186,171 | 1,994,936 | 191,235 | 3.0 | 6% |
| 2017 | 5,063,358 | 2,509,691 | 2,553,667 | 14.6 | 5% |
| 2018 | 2,297,935 | 3,097,522 | −799,587 | 9.1 | 9% |
| 2019 | 2,929,891 | 3,319,581 | −389,690 | -70.0 | 8% |
| 2020 | 5,204,488 | 3,432,782 | 1,771,706 | -61.4 | 9% |
| 2021 | 4,922,807 | 3,718,635 | 1,204,172 | -50.8 | 9% |
| 2022 | 17,027,307 | 5,025,916 | 12,001,391 | -9.9 | 7% |
| 2023 | 3,309,128 | 4,707,438 | −1,398,310 | -14.1 | 7% |
In its most recent public year (2023), this organization spent $1,398,310 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.1 months), down from -8.6 in 2011. Staff pay was 7% 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
Hip Housing Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. 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