Norwich Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 430,099 | 320,166 | 109,933 | 22.9 | 0% |
| 2013 | 442,240 | 344,879 | 97,361 | 24.7 | 0% |
| 2014 | 435,371 | 455,225 | −19,854 | 18.2 | 0% |
| 2015 | 468,734 | 340,833 | 127,901 | 28.7 | 0% |
| 2016 | 464,995 | 433,432 | 31,563 | 23.5 | 0% |
| 2017 | 466,739 | 379,109 | 87,630 | 29.6 | 0% |
| 2018 | 470,194 | 359,879 | 110,315 | 34.9 | 0% |
| 2019 | 486,882 | 448,011 | 38,871 | 29.1 | 0% |
| 2020 | 491,012 | 430,097 | 60,915 | 32.0 | 0% |
| 2021 | 504,588 | 417,837 | 86,751 | 35.4 | 0% |
| 2022 | 511,776 | 533,368 | −21,592 | 27.2 | 0% |
| 2023 | 522,926 | 508,768 | 14,158 | 28.9 | 0% |
| 2024 | 546,593 | 469,864 | 76,729 | 33.2 | 0% |
In its most recent public year (2024), this organization brought in $76,729 more than it spent. Its reserves stood at about 33.2 months of spending, up from 22.9 in 2012. 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 2024. 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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