Louisville Housing Opportunities And Microenterprise Comm Dev Loan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 72,414 | 56,867 | 15,547 | 3.3 | — |
| 2018 | 397,226 | 192,163 | 205,063 | 13.8 | 31% |
| 2019 | 830,107 | 495,549 | 334,558 | 13.4 | 56% |
| 2020 | 3,139,962 | 1,153,503 | 1,986,459 | 26.4 | 39% |
| 2021 | 1,281,694 | 1,219,356 | 62,338 | 25.6 | 34% |
| 2022 | 2,661,318 | 2,330,730 | 330,588 | 15.1 | 26% |
| 2023 | 1,434,657 | 1,943,651 | −508,994 | 15.0 | 35% |
In its most recent public year (2023), this organization spent $508,994 more than it brought in. Its reserves stood at about 15 months of spending, up from 3.3 in 2017. Staff pay was 35% of spending. $890,193 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works