Housing Opportunities Made Equal Of Mackinac County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 96,062 | 95,702 | 360 | 2.7 | 45% |
| 2012 | 106,562 | 99,386 | 7,176 | 3.4 | 44% |
| 2013 | 118,819 | 105,974 | 12,845 | 4.7 | 41% |
| 2014 | 97,906 | 98,230 | −324 | 5.0 | 48% |
| 2015 | 145,015 | 141,559 | 3,456 | 3.8 | 39% |
| 2016 | 112,643 | 113,164 | −521 | 4.6 | 43% |
| 2017 | 81,490 | 88,625 | −7,135 | 5.0 | 63% |
| 2018 | 81,855 | 94,848 | −12,993 | 3.0 | 74% |
| 2019 | 133,837 | 130,385 | 3,452 | 2.5 | 55% |
| 2020 | 150,166 | 124,276 | 25,890 | 5.1 | 58% |
| 2021 | 116,102 | 97,849 | 18,253 | 8.7 | 72% |
| 2022 | 149,638 | 123,044 | 26,594 | 9.5 | 71% |
| 2023 | 203,694 | 138,889 | 64,805 | 14.1 | 75% |
In its most recent public year (2023), this organization brought in $64,805 more than it spent. Its reserves stood at about 14.1 months of spending, up from 2.7 in 2011. Staff pay was 75% 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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