Midwest Affordable Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,409,986 | 1,208,542 | 1,201,444 | 97.8 | 1% |
| 2021 | 2,774,459 | 1,646,024 | 1,128,435 | 81.5 | 1% |
| 2022 | 2,063,392 | 1,689,262 | 374,130 | 82.0 | 1% |
| 2023 | 2,030,259 | 2,175,050 | −144,791 | 62.9 | 1% |
In its most recent public year (2023), this organization spent $144,791 more than it brought in. Its reserves stood at about 62.9 months of spending, down from 97.8 in 2020. Staff pay was 1% 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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