Senior Citizens Housing Development Corporation Of South Boston Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 722,340 | 846,011 | −123,671 | 36.4 | 15% |
| 2021 | 723,297 | 850,821 | −127,524 | 34.4 | 16% |
| 2022 | 738,049 | 898,734 | −160,685 | 30.4 | 15% |
| 2023 | 782,201 | 917,879 | −135,678 | 28.0 | 16% |
In its most recent public year (2023), this organization spent $135,678 more than it brought in. Its reserves stood at about 28 months of spending, down from 36.4 in 2020. Staff pay was 16% of spending. $4,223,800 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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