Detroit Metropolitan Apartment Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 297,783 | 334,239 | −36,456 | 6.9 | 44% |
| 2021 | 364,390 | 364,520 | −130 | 6.4 | 40% |
| 2022 | 452,143 | 513,517 | −61,374 | 3.1 | 33% |
| 2023 | 632,201 | 632,111 | 90 | 2.5 | 30% |
In its most recent public year (2023), this organization brought in $90 more than it spent. Its reserves stood at about 2.5 months of spending, down from 6.9 in 2020. Staff pay was 30% 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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