Galax Community Apartments Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 49,296 | 55,186 | −5,890 | 95.0 | — |
| 2012 | 48,997 | 57,745 | −8,748 | 89.0 | — |
| 2013 | 48,030 | 62,496 | −14,466 | 79.5 | — |
| 2014 | 48,629 | 59,691 | −11,062 | 81.0 | — |
| 2015 | 50,527 | 60,762 | −10,235 | 77.5 | — |
| 2016 | 50,979 | 67,035 | −16,056 | 67.4 | — |
| 2017 | 58,707 | 49,219 | 9,488 | 94.1 | — |
| 2018 | 61,152 | 63,811 | −2,659 | 72.1 | — |
| 2019 | 67,255 | 68,450 | −1,195 | 67.0 | — |
| 2020 | 65,141 | 73,062 | −7,921 | 61.5 | — |
| 2021 | 69,823 | 78,274 | −8,451 | 56.1 | — |
| 2022 | 73,026 | 80,044 | −7,018 | 53.8 | — |
| 2023 | 72,591 | 91,024 | −18,433 | 44.9 | — |
In its most recent public year (2023), this organization spent $18,433 more than it brought in. Its reserves stood at about 44.9 months of spending, down from 95 in 2011.
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
Galax Community Apartments Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works