Bishop John R Mcgann Senior Housing Development Fund Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 951,096 | 1,099,636 | −148,540 | 78.4 | 13% |
| 2021 | 923,546 | 1,154,508 | −230,962 | 72.3 | 12% |
| 2022 | 979,080 | 1,283,992 | −304,912 | 62.2 | 11% |
| 2023 | 1,179,971 | 1,224,777 | −44,806 | 64.7 | 11% |
In its most recent public year (2023), this organization spent $44,806 more than it brought in. Its reserves stood at about 64.7 months of spending, down from 78.4 in 2020. Staff pay was 11% 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
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