Home Builders & Remodelers Association Of Connecticut Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 97,249 | 142,066 | −44,817 | 24.6 | 68% |
| 2021 | 574,960 | 458,847 | 116,113 | 10.7 | 40% |
| 2022 | 594,465 | 606,073 | −11,608 | 8.3 | 35% |
| 2023 | 716,397 | 684,745 | 31,652 | 7.9 | 30% |
In its most recent public year (2023), this organization brought in $31,652 more than it spent. Its reserves stood at about 7.9 months of spending, down from 24.6 in 2020. Staff pay was 30% 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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