Operating record

Homes Of Care I Inc

Andover, MA · EIN 20-2176751 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$50,314$50,891−$57790.76%
2021$51,278$55,375−$4,09782.56%
2022$51,226$67,624−$16,39864.65%
2023$7,947$71,304−$63,35750.66%

In its most recent public year (2023), this organization spent $63,357 more than it brought in. Its reserves stood at about 50.6 months of spending, down from 90.7 in 2020. Staff pay was 6% of spending. $515,500 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 ↗