Livonia Opportunity House A Non-Profit Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 627,107 | 534,280 | 92,827 | 16.3 | 51% |
| 2020 | 601,007 | 537,105 | 63,902 | 17.7 | 53% |
| 2021 | 681,363 | 571,870 | 109,493 | 18.6 | 60% |
| 2022 | 810,086 | 632,732 | 177,354 | 19.6 | 62% |
| 2023 | 808,106 | 634,898 | 173,208 | 23.0 | 56% |
In its most recent public year (2023), this organization brought in $173,208 more than it spent. Its reserves stood at about 23 months of spending, up from 16.3 in 2019. Staff pay was 56% 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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