Normandale Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 190,994 | 138,164 | 52,830 | 18.7 | — |
| 2012 | 153,805 | 144,465 | 9,340 | 18.7 | — |
| 2013 | 157,420 | 126,131 | 31,289 | 24.4 | — |
| 2014 | 153,982 | 152,499 | 1,483 | 20.3 | — |
| 2015 | 204,277 | 176,198 | 28,079 | 19.5 | 38% |
| 2016 | 142,096 | 173,665 | −31,569 | 17.6 | — |
| 2017 | 335,329 | 180,351 | 154,978 | 27.2 | 30% |
| 2018 | 189,909 | 216,176 | −26,267 | 21.3 | — |
| 2019 | 240,064 | 220,764 | 19,300 | 21.9 | 26% |
| 2020 | 264,188 | 309,600 | −45,412 | 13.8 | 34% |
| 2021 | 333,737 | 344,798 | −11,061 | 12.0 | 41% |
| 2022 | 300,753 | 367,701 | −66,948 | 9.1 | 43% |
| 2023 | 319,272 | 449,511 | −130,239 | 4.0 | 47% |
In its most recent public year (2023), this organization spent $130,239 more than it brought in. Its reserves stood at about 4 months of spending, down from 18.7 in 2011. Staff pay was 47% of spending. $22,219 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
Normandale Housing Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works