Elderly Housing Development Corp Of Old Saybrook
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 155,988 | 143,566 | 12,422 | 13.0 | 17% |
| 2013 | 163,010 | 162,449 | 561 | 14.3 | 14% |
| 2014 | 528,886 | 203,236 | 325,650 | 30.6 | 11% |
| 2015 | 178,489 | 244,319 | −65,830 | 22.2 | 10% |
| 2016 | 162,325 | 205,942 | −43,617 | 24.1 | 12% |
| 2017 | 568,357 | 186,819 | 381,538 | 51.1 | 14% |
| 2018 | 281,928 | 270,241 | 11,687 | 35.8 | 18% |
| 2019 | 334,105 | 362,072 | −27,967 | 25.8 | 19% |
| 2020 | 332,953 | 323,685 | 9,268 | 29.2 | 14% |
| 2021 | 333,061 | 327,039 | 6,022 | 29.6 | 12% |
| 2022 | 368,509 | 468,142 | −99,633 | 8.4 | 9% |
| 2023 | 337,676 | 503,674 | −165,998 | 3.8 | 8% |
| 2024 | 346,280 | 486,055 | −139,775 | 0.5 | 7% |
In its most recent public year (2024), this organization spent $139,775 more than it brought in. Its reserves stood at about 0.5 months of spending, down from 13 in 2012. Staff pay was 7% 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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