Hanover Home Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 738,607 | 678,799 | 59,808 | 10.8 | 14% |
| 2012 | 813,549 | 829,526 | −15,977 | 8.6 | 21% |
| 2013 | 752,121 | 779,265 | −27,144 | 8.7 | 22% |
| 2014 | 691,149 | 773,280 | −82,131 | 7.5 | 22% |
| 2015 | 698,628 | 720,496 | −21,868 | 7.7 | 21% |
| 2016 | 786,458 | 741,954 | 44,504 | 8.2 | 18% |
| 2017 | 757,323 | 719,503 | 37,820 | 9.1 | 22% |
| 2018 | 818,668 | 842,999 | −24,331 | 7.4 | 20% |
| 2019 | 820,269 | 819,171 | 1,098 | 7.6 | 22% |
| 2020 | 333,962 | 454,360 | −120,398 | 10.6 | 49% |
| 2021 | 583,542 | 542,670 | 40,872 | 9.8 | 52% |
| 2022 | 849,313 | 692,236 | 157,077 | 16.4 | 45% |
| 2023 | 923,036 | 708,727 | 214,309 | 19.6 | 48% |
In its most recent public year (2023), this organization brought in $214,309 more than it spent. Its reserves stood at about 19.6 months of spending, up from 10.8 in 2011. 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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