Merrimac Valley Housing Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,178,963 | 1,336,512 | −157,549 | -14.5 | 14% |
| 2021 | 1,209,103 | 1,006,660 | 202,443 | -68.0 | 17% |
| 2022 | 1,240,194 | 1,089,575 | 150,619 | -61.1 | 21% |
| 2023 | 1,276,828 | 1,234,126 | 42,702 | -53.6 | 20% |
In its most recent public year (2023), this organization brought in $42,702 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-53.6 months), down from -14.5 in 2020. Staff pay was 20% of spending. $69,096 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
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