First Step Housing
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 125,789 | 96,214 | 29,575 | 4.1 | — |
| 2017 | 331,296 | 289,879 | 41,417 | 3.1 | 49% |
| 2018 | 684,644 | 651,311 | 33,333 | 2.0 | 11% |
| 2019 | 916,118 | 940,613 | −24,495 | 1.1 | 60% |
| 2020 | 2,030,609 | 1,895,849 | 134,760 | 1.4 | 42% |
| 2021 | 4,450,714 | 4,102,960 | 347,754 | 1.5 | 57% |
| 2022 | 5,567,940 | 5,255,587 | 312,353 | 1.9 | 61% |
| 2023 | 7,102,829 | 6,577,678 | 525,151 | 2.5 | 61% |
In its most recent public year (2023), this organization brought in $525,151 more than it spent. Its reserves stood at about 2.5 months of spending, down from 4.1 in 2016. Staff pay was 61% of spending. $173,366 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
First Step Housing's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works