Rock Island Housing Finance Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,061,688 | 138,559 | 1,923,129 | 200.4 | 0% |
| 2021 | 1,965,763 | 1,508,528 | 457,235 | 3.6 | 4% |
| 2022 | 2,397,549 | 1,951,516 | 446,033 | 14.5 | 5% |
| 2023 | 3,378,270 | 2,869,230 | 509,040 | 5.9 | 4% |
In its most recent public year (2023), this organization brought in $509,040 more than it spent. Its reserves stood at about 5.9 months of spending, down from 200.4 in 2020. Staff pay was 4% 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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