National Reverse Mortgage Lenders Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,622,121 | 1,933,438 | −311,317 | 4.7 | 0% |
| 2021 | 2,141,039 | 1,967,941 | 173,098 | 5.6 | 0% |
| 2022 | 2,975,782 | 2,550,931 | 424,851 | 6.3 | 0% |
| 2023 | 1,792,465 | 2,091,352 | −298,887 | 6.0 | 0% |
In its most recent public year (2023), this organization spent $298,887 more than it brought in. Its reserves stood at about 6 months of spending, up from 4.7 in 2020. 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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