Operating record

St Albans Housing Corporation

Bangor, ME · EIN 01-0345239 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$135,183$131,297$3,886-13.20%
2021$127,033$145,830−$18,797-13.40%
2022$141,080$162,546−$21,466-13.60%
2023$149,563$171,460−$21,897-14.50%

In its most recent public year (2023), this organization spent $21,897 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.5 months), down from -13.2 in 2020. 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 ↗