Homestead Residences Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 664,603 | 676,905 | −12,302 | 5.8 | 58% |
| 2021 | 769,331 | 908,538 | −139,207 | 2.5 | 58% |
| 2022 | 1,055,629 | 1,028,976 | 26,653 | 2.5 | 61% |
| 2023 | 742,882 | 898,251 | −155,369 | 2.2 | 73% |
In its most recent public year (2023), this organization spent $155,369 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 5.8 in 2020. Staff pay was 73% 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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