First Step Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 134,716 | 152,202 | −17,486 | 57.8 | 20% |
| 2013 | 131,852 | 155,341 | −23,489 | 54.8 | 21% |
| 2014 | 167,414 | 171,166 | −3,752 | 49.5 | 21% |
| 2015 | 149,821 | 167,791 | −17,970 | 49.2 | 19% |
| 2016 | 151,992 | 185,116 | −33,124 | 42.5 | 19% |
| 2017 | 153,821 | 143,055 | 10,766 | 55.8 | 14% |
| 2018 | 158,343 | 156,418 | 1,925 | 51.2 | 16% |
| 2019 | 155,762 | 169,066 | −13,304 | 46.4 | 17% |
| 2020 | 160,998 | 178,387 | −17,389 | 42.8 | 19% |
| 2021 | 159,007 | 172,031 | −13,024 | 43.5 | 16% |
| 2022 | 170,524 | 199,856 | −29,332 | 35.7 | 18% |
| 2023 | 188,649 | 204,745 | −16,096 | 33.9 | 17% |
| 2024 | 217,752 | 228,379 | −10,627 | 29.8 | 18% |
In its most recent public year (2024), this organization spent $10,627 more than it brought in. Its reserves stood at about 29.8 months of spending, down from 57.8 in 2012. Staff pay was 18% of spending. $1,007,919 of its net assets are donor-restricted.
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 2024. 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
First Step Apartments Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works