Madison Heritage Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 257,433 | 238,728 | 18,705 | -9.6 | 0% |
| 2013 | 254,966 | 238,404 | 16,562 | -8.8 | 0% |
| 2014 | 253,666 | 237,232 | 16,434 | -8.0 | 0% |
| 2015 | 253,109 | 245,633 | 7,476 | -7.4 | 0% |
| 2016 | 265,962 | 263,064 | 2,898 | -6.8 | 0% |
| 2017 | 261,614 | 269,876 | −8,262 | -6.9 | 0% |
| 2018 | 269,292 | 296,145 | −26,853 | -7.4 | 0% |
| 2019 | 260,240 | 276,689 | −16,449 | -8.7 | 0% |
| 2020 | 289,154 | 287,030 | 2,124 | -8.3 | 0% |
| 2021 | 288,456 | 304,636 | −16,180 | -8.4 | 0% |
| 2022 | 296,450 | 291,516 | 4,934 | -8.6 | 0% |
| 2023 | 312,292 | 309,707 | 2,585 | -8.0 | 0% |
| 2024 | 302,702 | 318,058 | −15,356 | -8.4 | 0% |
In its most recent public year (2024), this organization spent $15,356 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.4 months), up from -9.6 in 2012. 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 2024. 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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