Northern Shores Loan Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 127,590 | 145,600 | −18,010 | 9.9 | 52% |
| 2012 | 357,466 | 175,706 | 181,760 | 20.6 | 46% |
| 2013 | 81,672 | 247,514 | −165,842 | 40.5 | 37% |
| 2014 | 101,706 | 254,426 | −152,720 | 32.2 | 41% |
| 2015 | 222,447 | 204,315 | 18,132 | 41.1 | 56% |
| 2016 | 49,581 | 185,819 | −136,238 | 36.4 | 59% |
| 2017 | 564,005 | 177,566 | 386,439 | 64.2 | 62% |
| 2018 | 19,403 | 221,310 | −201,907 | 40.6 | 52% |
| 2019 | 319,038 | 213,730 | 105,308 | 47.9 | 54% |
| 2020 | 449,308 | 313,795 | 135,513 | 37.8 | 36% |
| 2021 | 743,057 | 198,473 | 544,584 | 93.6 | 44% |
| 2022 | 125,673 | 310,265 | −184,592 | 52.8 | 39% |
| 2023 | 299,339 | 452,285 | −152,946 | 32.1 | 27% |
In its most recent public year (2023), this organization spent $152,946 more than it brought in. Its reserves stood at about 32.1 months of spending, up from 9.9 in 2011. Staff pay was 27% of spending. $268,378 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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