Lake Preston Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 213,217 | 222,481 | −9,264 | -1.3 | 0% |
| 2021 | 223,746 | 219,429 | 4,317 | -1.0 | 0% |
| 2022 | 248,890 | 250,028 | −1,138 | -1.8 | 0% |
| 2023 | 232,105 | 268,634 | −36,529 | -3.3 | 0% |
In its most recent public year (2023), this organization spent $36,529 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.3 months), down from -1.3 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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