Machebeuf Apartments
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 592,203 | 799,799 | −207,596 | -2.6 | 0% |
| 2021 | 569,598 | 717,860 | −148,262 | -5.4 | 0% |
| 2022 | 570,575 | 751,197 | −180,622 | -8.0 | 0% |
| 2023 | 687,282 | 788,866 | −101,584 | -9.2 | 0% |
In its most recent public year (2023), this organization spent $101,584 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9.2 months), down from -2.6 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 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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