Housing Opportunities Milton Elderly Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,313,851 | 1,877,917 | −564,066 | -84.5 | 12% |
| 2021 | 2,494,221 | 2,088,442 | 405,779 | -74.7 | 11% |
| 2022 | 1,443,564 | 2,306,408 | −862,844 | -80.1 | 11% |
| 2023 | 1,884,741 | 2,147,913 | −263,172 | -88.6 | 11% |
In its most recent public year (2023), this organization spent $263,172 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-88.6 months), down from -84.5 in 2020. Staff pay was 11% 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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