Rivertown Neighborhood Senior Non Profit Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 432,294 | 675,000 | −242,706 | -10.4 | 12% |
| 2020 | 442,288 | 655,459 | −213,171 | -14.6 | 15% |
| 2021 | 448,082 | 672,000 | −223,918 | -18.2 | 13% |
| 2022 | 458,007 | 717,758 | −259,751 | -21.4 | 14% |
| 2023 | 460,149 | 710,184 | −250,035 | -25.9 | 17% |
In its most recent public year (2023), this organization spent $250,035 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-25.9 months), down from -10.4 in 2019. Staff pay was 17% 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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