Basic Independence Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 74,543 | 73,620 | 923 | -40.5 | — |
| 2013 | 72,954 | 70,937 | 2,017 | -24.3 | — |
| 2014 | 77,831 | 84,408 | −6,577 | -21.4 | — |
| 2015 | 80,277 | 81,256 | −979 | -22.3 | — |
| 2016 | 75,646 | 77,588 | −1,942 | -23.7 | — |
| 2017 | 68,867 | 67,828 | 1,039 | -26.9 | — |
| 2018 | 65,527 | 66,714 | −1,187 | -27.6 | — |
| 2019 | 76,470 | 60,978 | 15,492 | -27.1 | — |
| 2020 | 85,255 | 35,978 | 49,277 | -28.8 | — |
| 2021 | 73,691 | 74,602 | −911 | -16.4 | — |
| 2022 | 65,253 | 43,675 | 21,578 | -22.1 | — |
| 2023 | 71,703 | 80,487 | −8,784 | -24.6 | — |
In its most recent public year (2023), this organization spent $8,784 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.6 months), up from -40.5 in 2012.
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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