Palm Terrace Interfaith Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 653,909 | 642,418 | 11,491 | -18.6 | 0% |
| 2012 | 665,354 | 695,404 | −30,050 | -17.7 | 0% |
| 2013 | 690,983 | 741,140 | −50,157 | -17.5 | 0% |
| 2014 | 715,833 | 822,367 | −106,534 | -17.3 | 0% |
| 2015 | 748,020 | 769,580 | −21,560 | -18.8 | 12% |
| 2016 | 765,630 | 848,803 | −83,173 | -18.2 | 13% |
| 2017 | 789,297 | 851,191 | −61,894 | -19.1 | 13% |
| 2018 | 818,120 | 769,374 | 48,746 | -20.3 | 13% |
| 2019 | 859,659 | 835,224 | 24,435 | -18.4 | 12% |
| 2020 | 908,657 | 778,439 | 130,218 | -17.7 | 15% |
| 2021 | 950,755 | 978,321 | −27,566 | -14.4 | 12% |
| 2022 | 1,017,343 | 1,006,610 | 10,733 | -13.9 | 11% |
| 2023 | 1,077,925 | 1,119,238 | −41,313 | -12.9 | 11% |
In its most recent public year (2023), this organization spent $41,313 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.9 months), up from -18.6 in 2011. Staff pay was 11% 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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