Island Housing Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 314,968 | 355,450 | −40,482 | 14.4 | 17% |
| 2012 | 203,783 | 189,674 | 14,109 | 28.0 | 39% |
| 2013 | 303,941 | 251,449 | 52,492 | 23.6 | 32% |
| 2014 | 264,413 | 362,162 | −97,749 | 13.3 | 32% |
| 2015 | 266,111 | 263,302 | 2,809 | 18.4 | 46% |
| 2016 | 280,514 | 259,926 | 20,588 | 19.5 | 36% |
| 2017 | 474,430 | 169,560 | 304,870 | 51.7 | 46% |
| 2018 | 907,617 | 173,400 | 734,217 | 101.7 | 47% |
| 2019 | 366,871 | 231,749 | 135,122 | 82.6 | 45% |
| 2020 | 1,225,469 | 405,472 | 819,997 | 71.5 | 38% |
| 2021 | 2,726,746 | 475,592 | 2,251,154 | 117.9 | 37% |
| 2022 | 591,049 | 498,530 | 92,519 | 114.4 | 43% |
| 2023 | 1,040,659 | 511,794 | 528,865 | 124.6 | 47% |
In its most recent public year (2023), this organization brought in $528,865 more than it spent. Its reserves stood at about 124.6 months of spending, up from 14.4 in 2011. Staff pay was 47% of spending. $1,575,394 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
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