Gratiot Woods Non-Profit Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 533,664 | 638,316 | −104,652 | 101.0 | 0% |
| 2021 | 537,823 | 706,489 | −168,666 | 88.4 | 0% |
| 2022 | 600,999 | 722,521 | −121,522 | 84.4 | 0% |
| 2023 | 584,423 | 710,170 | −125,747 | 83.8 | 0% |
| 2024 | 580,814 | 889,767 | −308,953 | 62.7 | 0% |
In its most recent public year (2024), this organization spent $308,953 more than it brought in. Its reserves stood at about 62.7 months of spending, down from 101 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 2024. 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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