Main Street Apartments Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 65,532 | 73,763 | −8,231 | 117.0 | 15% |
| 2012 | 65,901 | 75,367 | −9,466 | 110.8 | 15% |
| 2013 | 68,210 | 78,902 | −10,692 | 104.6 | 14% |
| 2014 | 70,560 | 87,040 | −16,480 | 92.5 | 14% |
| 2015 | 73,672 | 74,458 | −786 | 108.1 | 6% |
| 2016 | 80,154 | 82,558 | −2,404 | 97.1 | 6% |
| 2017 | 84,756 | 106,637 | −21,881 | 72.7 | 15% |
| 2018 | 104,693 | 130,589 | −25,896 | 57.0 | 9% |
| 2019 | 103,288 | 102,096 | 1,192 | 73.0 | 14% |
| 2020 | 73,430 | 128,452 | −55,022 | 52.9 | 12% |
| 2021 | 84,846 | 112,418 | −27,572 | 57.5 | 12% |
| 2022 | 87,144 | 104,426 | −17,282 | 59.9 | 10% |
| 2023 | 95,457 | 105,875 | −10,418 | 57.8 | 11% |
In its most recent public year (2023), this organization spent $10,418 more than it brought in. Its reserves stood at about 57.8 months of spending, down from 117 in 2011. Staff pay was 11% of spending. $845,300 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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