Prospect Congregate Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,774,921 | 3,242,506 | 532,415 | -2.1 | 30% |
| 2012 | 3,794,042 | 3,437,233 | 356,809 | -0.7 | 33% |
| 2013 | 3,905,678 | 3,858,164 | 47,514 | -0.0 | 35% |
| 2014 | 3,913,652 | 4,327,494 | −413,842 | -1.0 | 33% |
| 2015 | 4,059,599 | 4,455,478 | −395,879 | -2.0 | 35% |
| 2016 | 4,124,635 | 4,642,704 | −518,069 | -3.2 | 34% |
| 2017 | 4,302,381 | 4,740,745 | −438,364 | -4.2 | 33% |
| 2018 | 4,383,910 | 4,725,455 | −341,545 | -5.0 | 35% |
| 2019 | 4,366,105 | 4,871,263 | −505,158 | -5.8 | 35% |
| 2020 | 4,414,425 | 5,018,615 | −604,190 | -7.1 | 34% |
| 2021 | 4,468,530 | 5,215,253 | −746,723 | -8.2 | 34% |
| 2022 | 4,213,533 | 5,773,969 | −1,560,436 | -10.9 | 27% |
| 2023 | 4,996,344 | 7,035,031 | −2,038,687 | -12.2 | 25% |
In its most recent public year (2023), this organization spent $2,038,687 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.2 months), down from -2.1 in 2011. Staff pay was 25% of spending. $708,555 of its net assets are donor-restricted.
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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