Las Palmas Housing And Developement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 245,678 | 104,840 | 140,838 | 40.1 | 0% |
| 2012 | 253,791 | 88,204 | 165,587 | 70.2 | 0% |
| 2013 | 255,462 | 73,767 | 181,695 | 113.5 | 0% |
| 2014 | 268,896 | 65,882 | 203,014 | 164.0 | 0% |
| 2015 | 320,413 | 151,456 | 168,957 | 84.7 | 0% |
| 2016 | 269,470 | 214,617 | 54,853 | 62.9 | 0% |
| 2017 | 305,285 | 145,715 | 159,570 | 105.7 | 0% |
| 2018 | 290,755 | 219,134 | 71,621 | 74.2 | 0% |
| 2019 | 397,832 | 111,339 | 286,493 | 177.0 | 0% |
| 2020 | 581,042 | 125,331 | 455,711 | 200.9 | 1% |
| 2021 | 556,112 | 103,573 | 452,539 | 295.5 | 1% |
| 2022 | 1,501,250 | 1,097,729 | 403,521 | 32.3 | 0% |
| 2023 | 1,021,239 | 446,416 | 574,823 | 94.9 | 0% |
In its most recent public year (2023), this organization brought in $574,823 more than it spent. Its reserves stood at about 94.9 months of spending, up from 40.1 in 2011. Staff pay was 0% of spending. $3,528,720 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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