Northwest Minnesota Community Housing Development Organization
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 52,255 | 71,146 | −18,891 | 138.3 | 0% |
| 2012 | 57,123 | 116,062 | −58,939 | 78.7 | 0% |
| 2013 | 29,616 | 98,608 | −68,992 | 90.2 | 0% |
| 2014 | 165 | 240,006 | −239,841 | 33.9 | 0% |
| 2015 | 50,335 | 179,506 | −129,171 | 36.7 | 0% |
| 2016 | 23,778 | 96,046 | −72,268 | 59.6 | 0% |
| 2017 | 51,439 | 55,854 | −4,415 | 101.6 | 0% |
| 2018 | 20,304 | 44,988 | −24,684 | 119.5 | 0% |
| 2019 | 20,615 | 45,974 | −25,359 | 110.3 | 0% |
| 2020 | 14,401 | 37,536 | −23,135 | 127.7 | 0% |
| 2022 | 19,514 | 56,108 | −36,594 | 71.7 | 0% |
| 2023 | 23,702 | 30,308 | −6,606 | 130.0 | 0% |
In its most recent public year (2023), this organization spent $6,606 more than it brought in. Its reserves stood at about 130 months of spending, down from 138.3 in 2011. Staff pay was 0% 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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