Southwest Illinois Housing Advancement Fund Nfp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,095 | 64,392 | −4,297 | 6.4 | — |
| 2021 | 53,813 | 66,667 | −12,854 | 3.9 | — |
| 2022 | 59,154 | 62,472 | −3,318 | 3.5 | — |
| 2023 | 91,499 | 60,569 | 30,930 | 9.7 | — |
In its most recent public year (2023), this organization brought in $30,930 more than it spent. Its reserves stood at about 9.7 months of spending, up from 6.4 in 2020.
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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