Community Apartments Corporation Of Metrolina
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 57,745 | 70,938 | −13,193 | -48.1 | — |
| 2017 | 61,129 | 64,594 | −3,465 | -53.5 | — |
| 2018 | 62,660 | 69,819 | −7,159 | -50.7 | — |
| 2019 | 58,274 | 84,899 | −26,625 | -45.5 | — |
| 2020 | 62,784 | 70,938 | −8,154 | -55.8 | — |
| 2021 | 65,989 | 87,201 | −21,212 | -48.3 | — |
| 2022 | 67,136 | 76,510 | −9,374 | -56.5 | — |
| 2023 | 73,838 | 76,144 | −2,306 | -57.2 | — |
In its most recent public year (2023), this organization spent $2,306 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-57.2 months), down from -48.1 in 2016.
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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