Bloomfield Senior Citizens Housing Corp Felicity Towers
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,097,407 | 1,729,217 | 368,190 | 7.3 | 15% |
| 2021 | 2,055,806 | 1,753,840 | 301,966 | 9.3 | 17% |
| 2022 | 2,197,733 | 2,013,182 | 184,551 | 9.2 | 15% |
| 2023 | 2,439,755 | 1,887,550 | 552,205 | 13.3 | 10% |
In its most recent public year (2023), this organization brought in $552,205 more than it spent. Its reserves stood at about 13.3 months of spending, up from 7.3 in 2020. Staff pay was 10% 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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