Michigan Nonprofit Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,467,448 | 12,566,222 | 1,901,226 | 16.8 | 0% |
| 2012 | 14,485,086 | 12,093,261 | 2,391,825 | 19.8 | 0% |
| 2013 | 14,434,513 | 11,953,520 | 2,480,993 | 22.6 | 0% |
| 2014 | 14,501,431 | 12,084,563 | 2,416,868 | 24.7 | 0% |
| 2015 | 36,257,533 | 13,198,992 | 23,058,541 | 26.2 | 0% |
| 2016 | 15,018,790 | 2,458,495 | 12,560,295 | 148.2 | 0% |
| 2017 | 2,237,268 | 1,183,505 | 1,053,763 | 290.4 | 0% |
| 2018 | 499,481 | 970,601 | −471,120 | 192.2 | 0% |
| 2019 | 253,749 | 498,488 | −244,739 | 199.3 | 0% |
| 2020 | 139,018 | 270,287 | −131,269 | 340.3 | 0% |
| 2021 | 150,498 | 21,371 | 129,127 | 2649.3 | 0% |
| 2022 | 90,085 | 26,524 | 63,561 | 1761.0 | 0% |
| 2023 | 169,682 | 14,099 | 155,583 | 3045.4 | 0% |
In its most recent public year (2023), this organization brought in $155,583 more than it spent. Its reserves stood at about 3045.4 months of spending, up from 16.8 in 2011. 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 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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