Morse Elderly Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 135,823 | 121,837 | 13,986 | 82.6 | 10% |
| 2013 | 418,895 | 389,222 | 29,673 | 26.8 | 7% |
| 2014 | 201,501 | 183,126 | 18,375 | 58.1 | 18% |
| 2015 | 196,064 | 201,179 | −5,115 | 52.6 | 24% |
| 2016 | 167,675 | 196,636 | −28,961 | 52.1 | 25% |
| 2017 | 181,652 | 199,188 | −17,536 | 50.3 | 25% |
| 2018 | 179,948 | 219,216 | −39,268 | 43.6 | 28% |
| 2019 | 156,155 | 236,555 | −80,400 | 36.3 | 27% |
| 2020 | 145,605 | 221,940 | −76,335 | 34.7 | 27% |
| 2021 | 188,658 | 224,380 | −35,722 | 32.4 | 26% |
| 2022 | 203,044 | 220,287 | −17,243 | 30.6 | 28% |
| 2023 | 186,924 | 222,818 | −35,894 | 28.3 | 25% |
In its most recent public year (2023), this organization spent $35,894 more than it brought in. Its reserves stood at about 28.3 months of spending, down from 82.6 in 2012. Staff pay was 25% of spending. $1,083,400 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 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works