Norwich Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 499,936 | 267,093 | 232,843 | 348.9 | 0% |
| 2012 | −57,717 | 373,202 | −430,919 | 236.2 | 0% |
| 2013 | 1,439,845 | 290,799 | 1,149,046 | 347.2 | 0% |
| 2014 | 481,420 | 156,395 | 325,025 | 670.9 | 0% |
| 2015 | 511,462 | 206,035 | 305,427 | 527.0 | 0% |
| 2016 | 466,544 | 283,608 | 182,936 | 390.9 | 0% |
| 2017 | 409,797 | 399,901 | 9,896 | 277.3 | 0% |
| 2018 | 375,387 | 309,180 | 66,207 | 360.1 | 0% |
| 2019 | 229,049 | 322,141 | −93,092 | 345.1 | 0% |
| 2020 | 297,655 | 429,770 | −132,115 | 255.2 | 0% |
| 2021 | 443,931 | 316,539 | 127,392 | 360.8 | 0% |
| 2022 | 424,456 | 369,563 | 54,893 | 296.2 | 0% |
| 2023 | 270,257 | 463,634 | −193,377 | 233.9 | 0% |
In its most recent public year (2023), this organization spent $193,377 more than it brought in. Its reserves stood at about 233.9 months of spending, down from 348.9 in 2011. 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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