Morris County Affordable Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,112,146 | 86,225 | 1,025,921 | 405.6 | 44% |
| 2012 | 488,660 | 859,870 | −371,210 | 35.5 | 4% |
| 2013 | 67,524 | 159,966 | −92,442 | 133.2 | 23% |
| 2014 | 152,386 | 66,274 | 86,112 | 337.1 | 18% |
| 2015 | 366,272 | 87,796 | 278,476 | 292.5 | 14% |
| 2016 | 271,465 | 79,257 | 192,208 | 218.7 | 16% |
| 2017 | 494,870 | 84,485 | 410,385 | 263.5 | 15% |
| 2018 | 83,393 | 89,485 | −6,092 | 248.0 | 17% |
| 2019 | 74,509 | 126,873 | −52,364 | 169.9 | 13% |
| 2020 | 243,240 | 128,383 | 114,857 | 178.7 | 7% |
| 2021 | 91,206 | 119,216 | −28,010 | 189.6 | 5% |
| 2022 | 107,846 | 122,432 | −14,586 | 183.2 | 4% |
| 2023 | 144,501 | 137,830 | 6,671 | 163.3 | 6% |
In its most recent public year (2023), this organization brought in $6,671 more than it spent. Its reserves stood at about 163.3 months of spending, down from 405.6 in 2011. Staff pay was 6% 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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