Spruce Landing Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 163,670 | 178,999 | −15,329 | 74.8 | 7% |
| 2021 | 164,469 | 176,222 | −11,753 | 75.2 | 13% |
| 2022 | 149,515 | 193,739 | −44,224 | 65.6 | 14% |
| 2023 | 160,037 | 196,153 | −36,116 | 62.6 | 16% |
In its most recent public year (2023), this organization spent $36,116 more than it brought in. Its reserves stood at about 62.6 months of spending, down from 74.8 in 2020. Staff pay was 16% of spending. $1,616,600 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 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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