Boucher Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,118,217 | 1,206,106 | −87,889 | -16.7 | 0% |
| 2022 | 1,129,198 | 1,287,189 | −157,991 | -17.2 | 0% |
| 2023 | 1,161,362 | 1,340,201 | −178,839 | -18.1 | 0% |
| 2024 | 1,158,210 | 1,174,010 | −15,800 | -20.8 | 0% |
In its most recent public year (2024), this organization spent $15,800 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.8 months), down from -16.7 in 2021. 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 2024. 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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