Andover Lake Property Owners Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 117,944 | 87,874 | 30,070 | 88.9 | 24% |
| 2021 | 175,810 | 97,369 | 78,441 | 97.6 | 25% |
| 2022 | 154,658 | 126,781 | 27,877 | 64.1 | 26% |
| 2023 | 146,408 | 138,949 | 7,459 | 64.9 | 27% |
In its most recent public year (2023), this organization brought in $7,459 more than it spent. Its reserves stood at about 64.9 months of spending, down from 88.9 in 2020. Staff pay was 27% 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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