Falmouth Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,112,490 | 537,288 | 2,575,202 | 179.5 | 36% |
| 2021 | 682,361 | 799,686 | −117,325 | 118.9 | 44% |
| 2022 | 1,339,676 | 804,410 | 535,266 | 126.0 | 48% |
| 2023 | 1,596,117 | 930,792 | 665,325 | 117.5 | 49% |
In its most recent public year (2023), this organization brought in $665,325 more than it spent. Its reserves stood at about 117.5 months of spending, down from 179.5 in 2020. Staff pay was 49% of spending. $140,000 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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