Davenport Residence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,548,169 | 3,390,086 | 158,083 | 7.9 | 18% |
| 2022 | 3,670,964 | 3,713,424 | −42,460 | 7.1 | 17% |
| 2023 | 3,682,837 | 3,883,271 | −200,434 | 6.2 | 15% |
| 2024 | 3,920,538 | 4,305,247 | −384,709 | 5.0 | 13% |
In its most recent public year (2024), this organization spent $384,709 more than it brought in. Its reserves stood at about 5 months of spending, down from 7.9 in 2021. Staff pay was 13% 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 2024. 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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