Greater Cedar Rapids Housing & Building Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 229,695 | 259,244 | −29,549 | 14.2 | 28% |
| 2021 | 537,933 | 335,978 | 201,955 | 18.2 | 23% |
| 2022 | 390,302 | 374,854 | 15,448 | 16.8 | 26% |
| 2023 | 398,582 | 396,197 | 2,385 | 15.9 | 24% |
In its most recent public year (2023), this organization brought in $2,385 more than it spent. Its reserves stood at about 15.9 months of spending, up from 14.2 in 2020. Staff pay was 24% 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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