Southwest Minnesota Housing Partnership
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,774,359 | 11,884,667 | −110,308 | 8.7 | 13% |
| 2021 | 10,657,099 | 12,186,016 | −1,528,917 | 7.0 | 14% |
| 2022 | 12,931,665 | 14,349,006 | −1,417,341 | 4.9 | 13% |
| 2023 | 14,693,365 | 15,716,306 | −1,022,941 | 4.0 | 13% |
In its most recent public year (2023), this organization spent $1,022,941 more than it brought in. Its reserves stood at about 4 months of spending, down from 8.7 in 2020. Staff pay was 13% of spending. $1,688,516 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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