Alverno Housng Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 384,689 | 324,857 | 59,832 | 8.4 | 0% |
| 2021 | 390,552 | 323,667 | 66,885 | 10.9 | 0% |
| 2022 | 457,699 | 323,569 | 134,130 | 15.8 | 0% |
| 2023 | 460,628 | 346,437 | 114,191 | 18.8 | 0% |
In its most recent public year (2023), this organization brought in $114,191 more than it spent. Its reserves stood at about 18.8 months of spending, up from 8.4 in 2020. 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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