New Heritage Towers
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,308,367 | 13,713,998 | 594,369 | 2.7 | 43% |
| 2012 | 15,067,900 | 13,492,522 | 1,575,378 | 4.8 | 43% |
| 2013 | 15,327,398 | 15,944,294 | −616,896 | 4.3 | 37% |
| 2014 | 15,220,384 | 14,590,050 | 630,334 | 4.8 | 41% |
| 2015 | 15,010,028 | 14,943,199 | 66,829 | 4.3 | 42% |
| 2016 | 15,637,443 | 15,135,265 | 502,178 | 5.2 | 41% |
| 2017 | 17,098,189 | 14,839,663 | 2,258,526 | 7.6 | 43% |
| 2018 | 17,096,256 | 16,161,183 | 935,073 | 6.5 | 42% |
| 2019 | 17,236,490 | 17,193,320 | 43,170 | 7.7 | 40% |
| 2020 | 18,223,824 | 15,590,304 | 2,633,520 | 11.1 | 41% |
| 2021 | 18,874,370 | 16,279,798 | 2,594,572 | 13.5 | 39% |
| 2022 | 18,643,459 | 16,903,126 | 1,740,333 | 11.8 | 42% |
| 2023 | 19,639,456 | 18,103,393 | 1,536,063 | 13.1 | 42% |
In its most recent public year (2023), this organization brought in $1,536,063 more than it spent. Its reserves stood at about 13.1 months of spending, up from 2.7 in 2011. Staff pay was 42% 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
New Heritage Towers's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works