Madison Community Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 476,457 | 507,280 | −30,823 | -4.8 | 17% |
| 2022 | 473,092 | 540,451 | −67,359 | -6.0 | 17% |
| 2023 | 510,056 | 511,452 | −1,396 | -6.4 | 16% |
| 2024 | 576,186 | 597,693 | −21,507 | -5.9 | 20% |
In its most recent public year (2024), this organization spent $21,507 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months), down from -4.8 in 2021. Staff pay was 20% 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 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
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