Cornerstone Renter Equity Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 906,217 | 901,405 | 4,812 | 36.0 | 34% |
| 2021 | 1,123,545 | 864,480 | 259,065 | 41.1 | 34% |
| 2022 | 1,129,703 | 933,204 | 196,499 | 40.6 | 39% |
| 2023 | 889,138 | 1,061,804 | −172,666 | 33.7 | 38% |
In its most recent public year (2023), this organization spent $172,666 more than it brought in. Its reserves stood at about 33.7 months of spending, down from 36 in 2020. Staff pay was 38% of spending. $220,833 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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