Torrington Affordable Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 43,170 | 39,594 | 3,576 | 473.1 | 48% |
| 2021 | 49,006 | 42,649 | 6,357 | 441.0 | 45% |
| 2022 | 38,596 | 46,797 | −8,201 | 399.8 | 48% |
| 2023 | 54,129 | 49,753 | 4,376 | 377.1 | 48% |
In its most recent public year (2023), this organization brought in $4,376 more than it spent. Its reserves stood at about 377.1 months of spending, down from 473.1 in 2020. Staff pay was 48% 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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