Housing Opportunities Mortgage Assistance & Effective Neighborhoo
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,199,599 | 1,203,215 | −3,616 | 13.2 | 44% |
| 2021 | 1,230,827 | 1,231,442 | −615 | 12.9 | 43% |
| 2022 | 893,564 | 1,027,581 | −134,017 | 75.9 | 41% |
| 2023 | 1,606,365 | 1,616,151 | −9,786 | 48.2 | 34% |
In its most recent public year (2023), this organization spent $9,786 more than it brought in. Its reserves stood at about 48.2 months of spending, up from 13.2 in 2020. Staff pay was 34% 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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