Lutheran Housing Corporation Of Alpena
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 602,616 | 635,367 | −32,751 | -13.6 | 16% |
| 2012 | 600,434 | 628,507 | −28,073 | -14.3 | 20% |
| 2013 | 559,638 | 604,212 | −44,574 | -15.8 | 18% |
| 2014 | 608,004 | 598,124 | 9,880 | -15.7 | 18% |
| 2015 | 589,814 | 612,258 | −22,444 | -15.8 | 18% |
| 2016 | 615,393 | 637,550 | −22,157 | -15.6 | 18% |
| 2017 | 634,993 | 633,353 | 1,640 | -15.7 | 21% |
| 2018 | 641,275 | 625,441 | 15,834 | -15.6 | 20% |
| 2019 | 649,927 | 622,853 | 27,074 | -15.1 | 14% |
| 2020 | 682,875 | 591,763 | 91,112 | -14.1 | 14% |
| 2021 | 686,937 | 685,762 | 1,175 | -12.1 | 12% |
| 2022 | 647,165 | 657,676 | −10,511 | -12.8 | 13% |
| 2023 | 747,988 | 745,444 | 2,544 | -11.3 | 11% |
In its most recent public year (2023), this organization brought in $2,544 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-11.3 months), up from -13.6 in 2011. Staff pay was 11% of spending. $6,000 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
Lutheran Housing Corporation Of Alpena's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works