Second Westfield Senior Citizens Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2008 | −55,777 | 0 | −55,777 | — | — |
| 2009 | −21,229 | 0 | −21,229 | — | — |
| 2010 | −1,406 | 0 | −1,406 | — | — |
| 2011 | 455,673 | 500,416 | −44,743 | -32.5 | 33% |
| 2012 | 1,417,657 | 1,426,261 | −8,604 | -12.8 | 30% |
| 2013 | 1,434,039 | 1,656,255 | −222,216 | -12.8 | 23% |
| 2014 | 1,445,221 | 1,708,009 | −262,788 | -14.2 | 22% |
| 2015 | 1,486,584 | 1,716,469 | −229,885 | -16.0 | 24% |
| 2016 | 1,435,451 | 1,709,543 | −274,092 | -17.9 | 25% |
| 2017 | 1,492,930 | 1,696,531 | −203,601 | -19.0 | 23% |
| 2018 | 1,556,349 | 1,798,471 | −242,122 | -20.0 | 23% |
| 2019 | 1,557,731 | 1,860,120 | −302,389 | -20.5 | 24% |
| 2020 | 1,532,873 | 1,794,289 | −261,416 | -13.0 | 24% |
| 2021 | 1,611,856 | 1,913,130 | −301,274 | -14.9 | 23% |
| 2022 | 1,488,141 | 1,955,706 | −467,565 | -17.7 | 23% |
| 2023 | 1,549,814 | 1,627,268 | −77,454 | -21.8 | 30% |
In its most recent public year (2023), this organization spent $77,454 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-21.8 months). Staff pay was 30% 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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