Faith Residence Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 52,112 | 78,952 | −26,840 | 119.6 | 17% |
| 2012 | 54,404 | 75,205 | −20,801 | 122.3 | 14% |
| 2013 | 56,318 | 71,723 | −15,405 | 125.6 | 11% |
| 2014 | 54,659 | 85,861 | −31,202 | 100.6 | 15% |
| 2015 | 60,866 | 82,365 | −21,499 | 101.7 | 15% |
| 2016 | 59,597 | 84,808 | −25,211 | 95.2 | 15% |
| 2017 | 58,118 | 101,528 | −43,410 | 74.4 | 13% |
| 2018 | 80,616 | 98,945 | −18,329 | 74.1 | 13% |
| 2019 | 78,533 | 97,877 | −19,344 | 72.6 | 15% |
| 2020 | 78,281 | 103,975 | −25,694 | 65.3 | 16% |
| 2021 | 73,807 | 107,897 | −34,090 | 59.2 | 15% |
| 2022 | 75,988 | 111,455 | −35,467 | 53.5 | 16% |
| 2023 | 76,371 | 117,764 | −41,393 | 46.4 | 16% |
In its most recent public year (2023), this organization spent $41,393 more than it brought in. Its reserves stood at about 46.4 months of spending, down from 119.6 in 2011. Staff pay was 16% of spending. $965,500 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
Faith Residence Apartments Inc'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