Elderly Housing Development And Operations Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 429,075 | 637,280 | −208,205 | 49.1 | 18% |
| 2021 | 427,830 | 630,706 | −202,876 | 45.7 | 19% |
| 2022 | 424,871 | 567,844 | −142,973 | 47.8 | 19% |
| 2023 | 479,599 | 617,039 | −137,440 | 41.3 | 19% |
In its most recent public year (2023), this organization spent $137,440 more than it brought in. Its reserves stood at about 41.3 months of spending, down from 49.1 in 2020. Staff pay was 19% of spending. $3,612,101 of its net assets are donor-restricted.
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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