Providence Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,518,660 | 404,221 | 1,114,439 | 116.2 | 11% |
| 2011 | 251,970 | 361,803 | −109,833 | 126.2 | 14% |
| 2012 | 247,875 | 358,510 | −110,635 | 123.6 | 14% |
| 2013 | 270,569 | 351,724 | −81,155 | 123.2 | 14% |
| 2014 | 254,020 | 357,127 | −103,107 | 117.9 | 15% |
| 2015 | 435,972 | 362,485 | 73,487 | 118.6 | 15% |
| 2016 | 1,071,178 | 466,568 | 604,610 | 107.7 | 13% |
| 2017 | 325,539 | 467,660 | −142,121 | 103.8 | 13% |
| 2018 | 334,205 | 449,999 | −115,794 | 104.8 | 16% |
| 2019 | 349,286 | 446,326 | −97,040 | 103.0 | 13% |
| 2020 | 344,285 | 483,084 | −138,799 | 91.7 | 18% |
| 2021 | 1,713,372 | 462,954 | 1,250,418 | 128.1 | 15% |
| 2022 | 412,914 | 585,683 | −172,769 | 97.7 | 14% |
| 2023 | 400,109 | 687,651 | −287,542 | 78.2 | 19% |
In its most recent public year (2023), this organization spent $287,542 more than it brought in. Its reserves stood at about 78.2 months of spending, down from 116.2 in 2010. Staff pay was 19% of spending. $3,378,765 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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