Grace Housing Complex Nfp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 89,595 | 97,462 | −7,867 | 3.4 | — |
| 2022 | 511,326 | 455,766 | 55,560 | 0.0 | 5% |
| 2023 | 59,747 | 78,606 | −18,859 | -2.9 | — |
In its most recent public year (2023), this organization spent $18,859 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.9 months), down from 3.4 in 2021.
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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