Livonia Apartments Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 841,198 | 402,684 | 438,514 | 100.7 | 0% |
| 2021 | 841,198 | 384,747 | 456,451 | 119.7 | 0% |
| 2022 | 841,198 | 366,075 | 475,123 | 141.3 | 0% |
| 2023 | 841,198 | 346,640 | 494,558 | 166.4 | 0% |
In its most recent public year (2023), this organization brought in $494,558 more than it spent. Its reserves stood at about 166.4 months of spending, up from 100.7 in 2020. Staff pay was 0% 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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