Northborough Affordable Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 37,262 | 54,091 | −16,829 | 115.0 | 0% |
| 2021 | 36,045 | 53,593 | −17,548 | 112.1 | 0% |
| 2022 | 62,943 | 74,398 | −11,455 | 78.9 | — |
| 2023 | 37,780 | 40,599 | −2,819 | 143.8 | — |
In its most recent public year (2023), this organization spent $2,819 more than it brought in. Its reserves stood at about 143.8 months of spending, up from 115 in 2020.
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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