Passavant Memorial Homes Housing Initiative No 1 Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 62,414 | 48,762 | 13,652 | 110.6 | 0% |
| 2021 | 62,509 | 52,646 | 9,863 | 104.6 | 1% |
| 2022 | 62,418 | 59,415 | 3,003 | 93.3 | 2% |
| 2023 | 62,496 | 88,003 | −25,507 | 59.5 | 2% |
In its most recent public year (2023), this organization spent $25,507 more than it brought in. Its reserves stood at about 59.5 months of spending, down from 110.6 in 2020. Staff pay was 2% 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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