Home Builders Association Of Northern Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 113,474 | 130,157 | −16,683 | 6.2 | 35% |
| 2012 | 115,984 | 124,846 | −8,862 | 5.6 | 33% |
| 2013 | 110,105 | 114,433 | −4,328 | 5.7 | 31% |
| 2014 | 114,534 | 130,074 | −15,540 | 3.6 | 39% |
| 2015 | 138,632 | 125,744 | 12,888 | 4.9 | 38% |
| 2016 | 111,857 | 115,633 | −3,776 | 5.0 | 39% |
| 2017 | 120,073 | 125,756 | −5,683 | 4.0 | 41% |
| 2018 | 123,051 | 126,828 | −3,777 | 3.6 | 41% |
| 2019 | 126,620 | 128,837 | −2,217 | 3.4 | 42% |
| 2020 | 131,888 | 123,223 | 8,665 | 4.4 | 17% |
| 2021 | 120,256 | 135,510 | −15,254 | 2.6 | 21% |
| 2022 | 118,350 | 125,536 | −7,186 | 2.1 | 30% |
| 2023 | 125,525 | 126,652 | −1,127 | 2.0 | 32% |
In its most recent public year (2023), this organization spent $1,127 more than it brought in. Its reserves stood at about 2 months of spending, down from 6.2 in 2011. Staff pay was 32% 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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