Housing Initiatives Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,363,041 | 2,139,006 | 224,035 | -4.1 | 23% |
| 2021 | 2,245,311 | 2,132,760 | 112,551 | -4.0 | 23% |
| 2022 | 2,568,876 | 2,405,219 | 163,657 | -3.1 | 22% |
| 2023 | 2,494,685 | 2,626,821 | −132,136 | -3.8 | 24% |
In its most recent public year (2023), this organization spent $132,136 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.8 months). Staff pay was 24% of spending. $207,678 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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