Mt Olive Affordable Housing & Dcd Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 105,378 | 110,203 | −4,825 | 0.0 | — |
| 2020 | 51,092 | 51,267 | −175 | 0.0 | — |
| 2021 | 304,549 | 302,008 | 2,541 | 7.3 | 0% |
| 2022 | 303,995 | 484,415 | −180,420 | 2.0 | 0% |
| 2023 | 359,077 | 370,858 | −11,781 | 1.6 | 0% |
In its most recent public year (2023), this organization spent $11,781 more than it brought in. Its reserves stood at about 1.6 months of spending, up from 0 in 2019. 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
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