Elderly Housing Development And Operations Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 263,471 | 452,117 | −188,646 | 148.7 | 18% |
| 2016 | 271,830 | 420,700 | −148,870 | 151.4 | 20% |
| 2019 | 371,062 | 541,363 | −170,301 | 108.2 | 18% |
| 2020 | 373,461 | 511,284 | −137,823 | 111.3 | 22% |
| 2021 | 397,893 | 598,808 | −200,915 | 91.0 | 21% |
In its most recent public year (2021), this organization spent $200,915 more than it brought in. Its reserves stood at about 91 months of spending, down from 148.7 in 2014. Staff pay was 21% of spending. $4,698,900 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 2021. 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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