Operating record

Residential Options Inc

Danvers, MA · EIN 04-2867643 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$64,275$98,488−$34,213-12.40%
2021$63,948$89,598−$25,650-17.10%
2022$65,728$95,062−$29,334-19.80%
2023$71,419$93,985−$22,566-22.90%

In its most recent public year (2023), this organization spent $22,566 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-22.9 months), down from -12.4 in 2020. Staff pay was 0% of spending. $637,600 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 ↗