Elderly Housing Corporation Of Claycounty Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 592,093 | 589,449 | 2,644 | -12.5 | 30% |
| 2021 | 565,972 | 553,266 | 12,706 | -13.0 | 30% |
| 2022 | 570,906 | 582,356 | −11,450 | -12.6 | 31% |
| 2023 | 581,678 | 620,371 | −38,693 | -12.6 | 30% |
In its most recent public year (2023), this organization spent $38,693 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.6 months). Staff pay was 30% 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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