Red Bank Affordable Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 345,447 | 6,901 | 338,546 | 677.4 | 0% |
| 2011 | 34,535 | 7,209 | 27,326 | 693.9 | 0% |
| 2012 | 0 | 17,944 | −17,944 | -13.8 | 53% |
| 2013 | 2,141 | 19,208 | −17,067 | -23.5 | 0% |
| 2014 | 9,277 | 24,311 | −15,034 | -26.0 | 0% |
| 2015 | 5,484 | 20,271 | −14,787 | -39.9 | 0% |
| 2016 | 15,558 | 32,119 | −16,561 | -31.4 | 47% |
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 19,493 | 34,334 | −14,841 | 47.7 | 0% |
| 2019 | 14,042 | 55,372 | −41,330 | 20.6 | 28% |
| 2020 | 26,450 | 53,499 | −27,049 | 15.3 | 41% |
| 2021 | 19,651 | 50,030 | −30,379 | 9.0 | 72% |
| 2022 | 16,550 | 49,134 | −32,584 | 1.2 | 73% |
| 2023 | 17,560 | 21,143 | −3,583 | 0.5 | 57% |
In its most recent public year (2023), this organization spent $3,583 more than it brought in. Its reserves stood at about 0.5 months of spending, down from 677.4 in 2010. Staff pay was 57% 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
Red Bank Affordable Housing Corporation'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