Mercy Housing Lakefront
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 27,061,671 | 20,171,258 | 6,890,413 | 4.2 | 25% |
| 2021 | 37,545,157 | 25,594,932 | 11,950,225 | 7.2 | 20% |
| 2022 | 19,717,575 | 20,491,761 | −774,186 | 8.4 | 26% |
| 2023 | 12,906,443 | 23,523,823 | −10,617,380 | 1.9 | 0% |
In its most recent public year (2023), this organization spent $10,617,380 more than it brought in. Its reserves stood at about 1.9 months of spending, down from 4.2 in 2020. Staff pay was 0% of spending. $2,168,656 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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