Phipps Affordable Housing Support Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 17,381,097 | 10,076,240 | 7,304,857 | 15.5 | 0% |
| 2015 | 10,343,966 | 3,531,241 | 6,812,725 | 65.9 | 0% |
| 2016 | 8,841,032 | 39,031 | 8,802,001 | 8520.6 | 0% |
| 2017 | 692,189 | 552,576 | 139,613 | 612.8 | 0% |
| 2018 | 387,731 | 35,729 | 352,002 | 9153.2 | 0% |
| 2019 | 1,452,243 | 2,657,413 | −1,205,170 | 130.0 | 0% |
| 2020 | 810,783 | 1,091,407 | −280,624 | 335.2 | 0% |
| 2021 | 1,215,017 | 105,668 | 1,109,349 | 3516.2 | 0% |
| 2022 | −749,916 | 13,002,598 | −13,752,514 | 12.9 | 0% |
| 2023 | −453,192 | 11,898,998 | −12,352,190 | 2.4 | 0% |
In its most recent public year (2023), this organization spent $12,352,190 more than it brought in. Its reserves stood at about 2.4 months of spending, down from 15.5 in 2014. Staff pay was 0% of spending. $2,431,050 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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