Fair Housing Center Of West Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 543,839 | 548,984 | −5,145 | 33.6 | 47% |
| 2012 | 703,959 | 586,800 | 117,159 | 33.8 | 15% |
| 2013 | 2,217,885 | 649,855 | 1,568,030 | 59.5 | 46% |
| 2014 | 612,228 | 1,127,475 | −515,247 | 28.8 | 25% |
| 2015 | 689,687 | 1,310,168 | −620,481 | 19.1 | 26% |
| 2016 | 611,364 | 638,714 | −27,350 | 38.7 | 55% |
| 2017 | 740,218 | 645,359 | 94,859 | 40.0 | 55% |
| 2018 | 599,868 | 645,075 | −45,207 | 39.2 | 54% |
| 2019 | 751,688 | 663,806 | 87,882 | 39.7 | 55% |
| 2020 | 927,375 | 736,189 | 191,186 | 38.9 | 58% |
| 2021 | 830,976 | 792,053 | 38,923 | 36.6 | 60% |
| 2022 | 2,817,035 | 1,003,557 | 1,813,478 | 50.3 | 62% |
| 2023 | 1,134,693 | 1,838,699 | −704,006 | 23.0 | 36% |
In its most recent public year (2023), this organization spent $704,006 more than it brought in. Its reserves stood at about 23 months of spending, down from 33.6 in 2011. Staff pay was 36% of spending. $743,209 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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