Southgate Non-Profit Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,750,571 | 1,805,764 | −55,193 | -34.3 | 0% |
| 2013 | 1,796,621 | 1,877,768 | −81,147 | -33.5 | 0% |
| 2014 | 1,959,529 | 1,959,126 | 403 | -32.1 | 0% |
| 2015 | 1,964,223 | 1,979,770 | −15,547 | -31.8 | 0% |
| 2016 | 1,974,592 | 1,932,558 | 42,034 | -32.4 | 0% |
| 2017 | 2,015,024 | 1,837,869 | 177,155 | -32.9 | 0% |
| 2018 | 2,000,521 | 1,851,736 | 148,785 | -31.7 | 0% |
| 2019 | 2,026,583 | 1,820,595 | 205,988 | -30.8 | 0% |
| 2020 | 2,092,177 | 1,824,130 | 268,047 | -29.0 | 0% |
| 2021 | 2,057,804 | 1,899,153 | 158,651 | -26.9 | 0% |
| 2022 | 2,099,614 | 1,857,801 | 241,813 | -25.9 | 0% |
| 2023 | 2,175,278 | 2,049,884 | 125,394 | -22.7 | 0% |
| 2024 | 2,289,834 | 2,091,470 | 198,364 | -21.2 | 0% |
In its most recent public year (2024), this organization brought in $198,364 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-21.2 months), up from -34.3 in 2012. Staff pay was 0% 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 2024. 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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