Passaic County Affordable Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 50,000 | 28,124 | 21,876 | 10.1 | 0% |
| 2019 | 202 | 2,132 | −1,930 | 122.6 | 0% |
| 2020 | 101 | 31 | 70 | 8459.2 | 0% |
| 2021 | 45 | 31 | 14 | 8465.0 | 0% |
| 2022 | 0 | 55 | −55 | 711668.3 | 0% |
| 2023 | 0 | 31 | −31 | 1677980.1 | 0% |
In its most recent public year (2023), this organization spent $31 more than it brought in. Its reserves stood at about 1677980.1 months of spending, up from 10.1 in 2018. 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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