Lakes Of Fairhaven Hoa Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 574,514 | 568,004 | 6,510 | 3.8 | 0% |
| 2017 | 593,269 | 507,541 | 85,728 | 5.7 | 0% |
| 2018 | 611,662 | 563,995 | 47,667 | 6.2 | 0% |
| 2019 | 659,107 | 609,520 | 49,587 | 6.7 | 0% |
| 2020 | 664,510 | 539,133 | 125,377 | 9.9 | 0% |
| 2021 | 674,689 | 603,414 | 71,275 | 10.3 | 0% |
| 2022 | 706,438 | 605,880 | 100,558 | 12.2 | 0% |
| 2023 | 735,955 | 874,797 | −138,842 | 6.6 | 0% |
In its most recent public year (2023), this organization spent $138,842 more than it brought in. Its reserves stood at about 6.6 months of spending, up from 3.8 in 2016. 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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