Hancock Residential Center Non- Profit Housing Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 413,991 | 350,050 | 63,941 | 0.2 | 45% |
| 2015 | 439,297 | 367,382 | 71,915 | 0.3 | 44% |
| 2016 | 490,703 | 356,506 | 134,197 | 1.4 | 51% |
| 2017 | 412,394 | 438,877 | −26,483 | 46.8 | 48% |
| 2018 | 882,567 | 486,199 | 396,368 | 0.0 | 56% |
| 2019 | 943,656 | 587,279 | 356,377 | 0.0 | 57% |
| 2021 | 1,061,782 | 816,475 | 245,307 | 0.0 | 0% |
| 2022 | 1,209,146 | 1,101,575 | 107,571 | 1.2 | 61% |
| 2023 | 1,290,187 | 1,405,414 | −115,227 | -1.0 | 59% |
In its most recent public year (2023), this organization spent $115,227 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), down from 0.2 in 2014. Staff pay was 59% of spending.
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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