AI Transparency Report
Suburban Housing Development And Research Inc demonstrates consistent financial growth and a strong commitment to its program services. Over the past five years, revenue has steadily increased from $1,879,225 in 2020 to $3,050,467 in 2024, indicating growing support and operational capacity. The organization consistently spends a high proportion of its expenses on programs, with 85% allocated to program services in the latest filing period (202407), reflecting efficient use of funds directly for its mission.
Financial health appears stable, with assets growing from $6,186,504 in 2020 to $6,357,929 in 2024, while liabilities have shown a positive trend of reduction from $4,320,329 in 2020 to $3,169,661 in 2024. This reduction in liabilities relative to assets strengthens the organization's balance sheet. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which enhances transparency and ensures more funds are directed to programs. Overall, the organization exhibits sound financial management and a clear focus on its mission.