Westpark Las Palmas Homeowners Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,500,220 | 1,579,721 | −79,501 | -1.7 | 0% |
| 2021 | 1,239,437 | 1,167,920 | 71,517 | -1.6 | 0% |
| 2022 | 892,006 | 947,558 | −55,552 | -2.6 | 0% |
| 2023 | 1,148,379 | 1,144,187 | 4,192 | -2.1 | 0% |
In its most recent public year (2023), this organization brought in $4,192 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months). 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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