Island Falls Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 251,017 | 237,412 | 13,605 | 13.0 | 7% |
| 2021 | 256,666 | 252,621 | 4,045 | 12.4 | 6% |
| 2022 | 290,238 | 307,509 | −17,271 | 9.5 | 0% |
| 2023 | 332,558 | 271,016 | 61,542 | 13.5 | 0% |
In its most recent public year (2023), this organization brought in $61,542 more than it spent. Its reserves stood at about 13.5 months of spending. Staff pay was 0% of spending. $231,203 of its net assets are donor-restricted.
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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