Lanesboro Housing Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 261,488 | 247,002 | 14,486 | 23.6 | 6% |
| 2021 | 260,776 | 236,423 | 24,353 | 25.9 | 5% |
| 2022 | 261,253 | 246,788 | 14,465 | 25.5 | 5% |
| 2023 | 297,945 | 342,632 | −44,687 | 16.8 | 4% |
In its most recent public year (2023), this organization spent $44,687 more than it brought in. Its reserves stood at about 16.8 months of spending, down from 23.6 in 2020. Staff pay was 4% 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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