Gloversville Housing & Neighborhood Improvement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 417,089 | 359,173 | 57,916 | 2.2 | 0% |
| 2016 | 134,048 | 160,272 | −26,224 | 3.0 | 0% |
| 2017 | 8,900 | 6,781 | 2,119 | 75.2 | — |
| 2018 | 13,021 | 9,087 | 3,934 | 61.3 | — |
| 2019 | 145,528 | 9,002 | 136,526 | 243.9 | — |
| 2020 | 8,128 | 10,991 | −2,863 | 196.6 | — |
| 2021 | −59,578 | 4,803 | −64,381 | 289.1 | — |
| 2022 | 6,195 | 11,231 | −5,036 | 118.3 | — |
| 2023 | 4,863 | 6,116 | −1,253 | 214.7 | — |
In its most recent public year (2023), this organization spent $1,253 more than it brought in. Its reserves stood at about 214.7 months of spending, up from 2.2 in 2015.
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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