Alverno Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 350,895 | 468,011 | −117,116 | -19.0 | 10% |
| 2012 | 358,172 | 476,358 | −118,186 | -21.7 | 10% |
| 2013 | 584,889 | 495,703 | 89,186 | -18.7 | 11% |
| 2014 | 399,899 | 521,276 | −121,377 | -20.5 | 13% |
| 2015 | 406,712 | 502,827 | −96,115 | -23.6 | 14% |
| 2016 | 427,577 | 527,923 | −100,346 | -24.7 | 21% |
| 2017 | 418,129 | 538,690 | −120,561 | -26.9 | 22% |
| 2018 | 445,026 | 524,587 | −79,561 | -29.5 | 23% |
| 2019 | 447,072 | 556,111 | −109,039 | -30.2 | 22% |
| 2020 | 461,231 | 548,813 | −87,582 | -32.5 | 23% |
| 2021 | 459,521 | 558,584 | −99,063 | -34.0 | 20% |
| 2022 | 470,552 | 558,561 | −88,009 | -35.9 | 0% |
| 2023 | 473,415 | 579,215 | −105,800 | -36.8 | 0% |
In its most recent public year (2023), this organization spent $105,800 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-36.8 months), down from -19 in 2011. Staff pay was 0% 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
Alverno Apartments Inc'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