New Way Homes Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 502,159 | 65,746 | 436,413 | 78.4 | 0% |
| 2017 | 35,672 | 60,766 | −25,094 | 79.9 | 0% |
| 2018 | 60,520 | 95,169 | −34,649 | 46.6 | 0% |
| 2019 | 400,214 | 169,723 | 230,491 | 42.4 | 0% |
| 2020 | 309,351 | 239,931 | 69,420 | 33.5 | 0% |
| 2021 | 215,241 | 287,591 | −72,350 | 24.9 | 0% |
| 2022 | 557,442 | 578,187 | −20,745 | 9.7 | 9% |
| 2023 | 4,715,504 | 1,213,990 | 3,501,514 | 39.2 | 12% |
In its most recent public year (2023), this organization brought in $3,501,514 more than it spent. Its reserves stood at about 39.2 months of spending, down from 78.4 in 2016. Staff pay was 12% of spending. $2,511,613 of its net assets are donor-restricted.
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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