Melrose Affordable Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 89,064 | 144,736 | −55,672 | 4.1 | 0% |
| 2012 | 101,224 | 157,530 | −56,306 | -0.5 | 0% |
| 2013 | 458,340 | 194,130 | 264,210 | 15.9 | 0% |
| 2014 | 152,445 | 199,714 | −47,269 | 12.7 | 0% |
| 2015 | 156,179 | 218,501 | −62,322 | 8.1 | 0% |
| 2016 | 162,033 | 219,815 | −57,782 | 4.9 | 0% |
| 2017 | 189,301 | 262,353 | −73,052 | 0.8 | 0% |
| 2018 | 246,533 | 241,112 | 5,421 | 1.1 | 0% |
| 2019 | 214,845 | 259,208 | −44,363 | -1.0 | 0% |
| 2020 | 215,384 | 235,591 | −20,207 | -2.1 | 0% |
| 2021 | 245,642 | 276,065 | −30,423 | -3.1 | 0% |
| 2022 | 232,099 | 295,859 | −63,760 | -5.5 | 0% |
| 2023 | 282,655 | 384,632 | −101,977 | -7.4 | 0% |
In its most recent public year (2023), this organization spent $101,977 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.4 months), down from 4.1 in 2011. Staff pay was 0% 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
Melrose Affordable Housing Corp'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