National Apartment Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 27,189,623 | 30,080,935 | −2,891,312 | 3.1 | 32% |
| 2021 | 34,472,867 | 32,399,514 | 2,073,353 | 4.2 | 6% |
| 2022 | 41,221,497 | 38,049,413 | 3,172,084 | 3.4 | 29% |
| 2023 | 57,726,560 | 55,393,728 | 2,332,832 | 3.2 | 23% |
In its most recent public year (2023), this organization brought in $2,332,832 more than it spent. Its reserves stood at about 3.2 months of spending. Staff pay was 23% 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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