Flat Rock Non Profit Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 963,408 | 985,769 | −22,361 | -28.4 | 0% |
| 2013 | 939,445 | 985,518 | −46,073 | -29.0 | 0% |
| 2014 | 1,038,703 | 975,162 | 63,541 | -28.5 | 0% |
| 2015 | 1,050,586 | 928,488 | 122,098 | -28.4 | 0% |
| 2016 | 1,051,475 | 912,960 | 138,515 | -27.0 | 0% |
| 2017 | 1,062,273 | 930,765 | 131,508 | -24.8 | 0% |
| 2018 | 1,070,716 | 872,064 | 198,652 | -23.7 | 0% |
| 2019 | 1,086,847 | 937,326 | 149,521 | -20.2 | 0% |
| 2020 | 1,111,265 | 948,111 | 163,154 | -17.9 | 0% |
| 2021 | 1,132,237 | 955,938 | 176,299 | -15.5 | 0% |
| 2022 | 1,128,686 | 991,831 | 136,855 | -13.3 | 0% |
| 2023 | 1,111,490 | 1,028,723 | 82,767 | -11.9 | 0% |
| 2024 | 1,170,553 | 1,105,387 | 65,166 | -10.3 | 0% |
In its most recent public year (2024), this organization brought in $65,166 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-10.3 months), up from -28.4 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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