Rainbow Gardens Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 134,087 | 154,314 | −20,227 | 26.7 | — |
| 2021 | 199,487 | 164,587 | 34,900 | 27.6 | — |
| 2022 | 210,589 | 179,121 | 31,468 | 27.5 | 48% |
| 2023 | 189,386 | 196,963 | −7,577 | -14.2 | 40% |
In its most recent public year (2023), this organization spent $7,577 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.2 months), down from 26.7 in 2020. Staff pay was 40% 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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