Minnesota Home Ownership Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,782,119 | 6,239,074 | 543,045 | 31.9 | 12% |
| 2021 | 3,064,242 | 4,099,660 | −1,035,418 | 45.4 | 22% |
| 2022 | 7,198,884 | 8,555,682 | −1,356,798 | 18.0 | 12% |
| 2023 | 3,425,749 | 3,939,560 | −513,811 | 40.5 | 24% |
In its most recent public year (2023), this organization spent $513,811 more than it brought in. Its reserves stood at about 40.5 months of spending, up from 31.9 in 2020. Staff pay was 24% of spending. $900,000 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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