Newport Millennium Housing Corporation Iii
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 440,058 | 148,928 | 291,130 | 331.2 | 2% |
| 2012 | 86,126 | 95,292 | −9,166 | 516.5 | 4% |
| 2013 | 1,074,691 | 145,395 | 929,296 | 374.9 | 8% |
| 2014 | 358,210 | 135,617 | 222,593 | 421.8 | 8% |
| 2015 | 888,354 | 133,952 | 754,402 | 494.6 | 7% |
| 2016 | 1,971,444 | 218,519 | 1,752,925 | 399.5 | 33% |
| 2017 | 796,145 | 333,285 | 462,860 | 278.6 | 32% |
| 2018 | 3,529,482 | 385,491 | 3,143,991 | 338.7 | 45% |
| 2019 | 977,612 | 376,665 | 600,947 | 365.8 | 42% |
| 2020 | 1,119,370 | 441,191 | 678,179 | 330.7 | 38% |
| 2021 | 2,207,566 | 460,422 | 1,747,144 | 362.5 | 37% |
| 2022 | −44,065 | 507,078 | −551,143 | 316.1 | 37% |
| 2023 | 1,080,536 | 539,910 | 540,626 | 308.9 | 38% |
In its most recent public year (2023), this organization brought in $540,626 more than it spent. Its reserves stood at about 308.9 months of spending, down from 331.2 in 2011. Staff pay was 38% of spending. $2,046,352 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
Newport Millennium Housing Corporation Iii's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works