Senior Affordable Housing Corp No 1
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 361,896 | 438,473 | −76,577 | -43.0 | 0% |
| 2021 | 379,922 | 466,557 | −86,635 | -42.7 | 0% |
| 2022 | 392,573 | 503,126 | −110,553 | -42.2 | 0% |
| 2023 | 415,168 | 546,343 | −131,175 | -41.8 | 0% |
In its most recent public year (2023), this organization spent $131,175 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-41.8 months), up from -43 in 2020. 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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