Credit & Homeownership Empowerment Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 400,441 | 319,545 | 80,896 | 20.2 | 17% |
| 2018 | 398,474 | 330,129 | 68,345 | 22.0 | 38% |
| 2019 | 400,441 | 319,545 | 80,896 | 20.2 | 17% |
| 2021 | 2,995,158 | 1,914,428 | 1,080,730 | 32.3 | 30% |
| 2022 | 4,586,154 | 4,078,634 | 507,520 | 10.1 | 21% |
In its most recent public year (2022), this organization brought in $507,520 more than it spent. Its reserves stood at about 10.1 months of spending, down from 20.2 in 2017. Staff pay was 21% of spending. $745,000 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 2022. 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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