Mendenhall Rural Housing And Comm Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 212,600 | 221,394 | −8,794 | -55.9 | 13% |
| 2022 | 180,901 | 215,047 | −34,146 | 37.5 | 8% |
| 2023 | 455,450 | 267,961 | 187,489 | 38.3 | 10% |
In its most recent public year (2023), this organization brought in $187,489 more than it spent. Its reserves stood at about 38.3 months of spending, up from -55.9 in 2021. Staff pay was 10% 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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