Homes For Independence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 790,847 | 1,244,022 | −453,175 | 8.9 | 47% |
| 2012 | 898,213 | 1,373,393 | −475,180 | 3.9 | 33% |
| 2013 | 660,337 | 1,225,486 | −565,149 | -1.1 | 13% |
| 2014 | 650,790 | 1,505,999 | −855,209 | -7.8 | 8% |
| 2015 | 737,810 | 1,558,479 | −820,669 | -13.8 | 7% |
| 2016 | 842,787 | 1,594,689 | −751,902 | -19.1 | 12% |
| 2017 | 788,641 | 1,649,924 | −861,283 | -24.8 | 14% |
| 2018 | 1,009,611 | 1,724,374 | −714,763 | -28.7 | 12% |
| 2019 | 1,074,258 | 1,766,782 | −692,524 | -32.7 | 12% |
| 2020 | 814,396 | 2,199,777 | −1,385,381 | -31.7 | 23% |
| 2021 | 677,747 | 1,854,612 | −1,176,865 | -45.2 | 34% |
| 2022 | 693,308 | 2,049,241 | −1,355,933 | -48.9 | 33% |
| 2023 | 1,527,209 | 2,526,620 | −999,411 | -44.4 | 29% |
In its most recent public year (2023), this organization spent $999,411 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-44.4 months), down from 8.9 in 2011. Staff pay was 29% 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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