Association Properties Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 191,776 | 226,541 | −34,765 | -23.3 | — |
| 2021 | 292,830 | 227,429 | 65,401 | -19.7 | 0% |
| 2022 | 279,183 | 274,263 | 4,920 | -16.2 | 0% |
| 2023 | 212,233 | 216,814 | −4,581 | -20.7 | 0% |
In its most recent public year (2023), this organization spent $4,581 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.7 months), up from -23.3 in 2020. Staff pay was 0% 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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