Torrington Community Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 300,736 | 418,981 | −118,245 | -2.5 | 0% |
| 2021 | 340,691 | 407,571 | −66,880 | -4.6 | 0% |
| 2022 | 252,123 | 335,437 | −83,314 | -8.5 | 0% |
| 2023 | 274,909 | 352,702 | −77,793 | -10.8 | 0% |
In its most recent public year (2023), this organization spent $77,793 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.8 months), down from -2.5 in 2020. Staff pay was 0% 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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