Fair Housing Center Of Metropolitan Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 384,365 | 383,444 | 921 | 0.9 | 54% |
| 2012 | 617,126 | 616,615 | 511 | 0.4 | 58% |
| 2014 | 449,168 | 425,279 | 23,889 | 1.4 | 58% |
| 2015 | 411,350 | 432,142 | −20,792 | 0.8 | 56% |
| 2016 | 405,930 | 433,917 | −27,987 | 0.0 | 59% |
| 2017 | 480,227 | 400,284 | 79,943 | 2.4 | 61% |
| 2018 | 343,874 | 416,869 | −72,995 | 7.8 | 58% |
| 2019 | 582,348 | 394,383 | 187,965 | 14.0 | 59% |
| 2020 | 510,228 | 365,143 | 145,085 | 17.4 | 60% |
| 2021 | 471,924 | 446,386 | 25,538 | 14.7 | 62% |
| 2022 | 884,502 | 499,075 | 385,427 | 22.4 | 65% |
| 2023 | 751,608 | 527,882 | 223,726 | 26.1 | 66% |
In its most recent public year (2023), this organization brought in $223,726 more than it spent. Its reserves stood at about 26.1 months of spending, up from 0.9 in 2011. Staff pay was 66% of spending. $395,675 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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