Lake Merritt Asian Cultural Arts Center Affordable Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 62,458 | 40,617 | 21,841 | 144.3 | — |
| 2017 | 54,298 | 52,976 | 1,322 | 110.9 | — |
| 2018 | 55,690 | 48,350 | 7,340 | 123.4 | — |
| 2019 | 55,442 | 48,122 | 7,320 | 125.8 | — |
| 2020 | 56,404 | 46,506 | 9,898 | 132.7 | — |
| 2021 | 64,088 | 47,387 | 16,701 | 52.9 | 0% |
| 2022 | 86,538 | 49,418 | 37,120 | 62.6 | 0% |
| 2023 | 69,341 | 78,003 | −8,662 | 40.2 | 0% |
In its most recent public year (2023), this organization spent $8,662 more than it brought in. Its reserves stood at about 40.2 months of spending, down from 144.3 in 2016. 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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