Mi Residential Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,485,145 | 3,908,993 | 576,152 | 26.1 | 18% |
| 2021 | 4,740,596 | 3,712,996 | 1,027,600 | 30.8 | 16% |
| 2022 | 4,962,076 | 4,054,380 | 907,696 | 30.9 | 17% |
| 2023 | 6,125,792 | 4,186,169 | 1,939,623 | 35.5 | 16% |
In its most recent public year (2023), this organization brought in $1,939,623 more than it spent. Its reserves stood at about 35.5 months of spending, up from 26.1 in 2020. Staff pay was 16% of spending. $6,047,410 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works