South Orange Moderate Income Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 589,812 | 683,409 | −93,597 | -11.7 | 20% |
| 2020 | 1,166,197 | 1,409,629 | −243,432 | -7.7 | 20% |
| 2021 | 1,163,789 | 1,582,166 | −418,377 | -10.1 | 17% |
| 2022 | 1,169,937 | 1,552,217 | −382,280 | -13.2 | 17% |
| 2023 | 1,182,742 | 1,516,918 | −334,176 | -16.2 | 14% |
In its most recent public year (2023), this organization spent $334,176 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.2 months), down from -11.7 in 2019. Staff pay was 14% 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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