Norwood Avenue Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 190,916 | 222,408 | −31,492 | 156.5 | 0% |
| 2021 | 923,241 | 753,399 | 169,842 | 44.4 | 2% |
| 2022 | 4,467,792 | 5,011,484 | −543,692 | 9.5 | 3% |
| 2023 | 6,628,752 | 7,679,377 | −1,050,625 | 5.6 | 4% |
In its most recent public year (2023), this organization spent $1,050,625 more than it brought in. Its reserves stood at about 5.6 months of spending, down from 156.5 in 2020. Staff pay was 4% 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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