Spectrum Closter Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 178,956 | 203,816 | −24,860 | 193.2 | 14% |
| 2011 | 151,398 | 217,116 | −65,718 | 177.7 | 15% |
| 2012 | 149,292 | 222,505 | −73,213 | 169.5 | 14% |
| 2013 | 214,061 | 224,805 | −10,744 | 167.1 | 15% |
| 2014 | 144,309 | 219,017 | −74,708 | 167.5 | 11% |
| 2015 | 189,842 | 209,780 | −19,938 | 173.7 | 10% |
| 2016 | 136,814 | 218,287 | −81,473 | 162.5 | 11% |
| 2017 | 167,132 | 213,251 | −46,119 | 163.7 | 9% |
| 2018 | 148,701 | 218,293 | −69,592 | 156.1 | 11% |
| 2019 | 143,980 | 212,518 | −68,538 | 156.5 | 11% |
| 2020 | 140,060 | 302,466 | −162,406 | 103.5 | 0% |
| 2021 | 143,234 | 194,398 | −51,164 | 157.9 | 0% |
| 2022 | 146,229 | 192,489 | −46,260 | 156.5 | 0% |
| 2023 | 191,066 | 224,673 | −33,607 | 132.3 | 0% |
In its most recent public year (2023), this organization spent $33,607 more than it brought in. Its reserves stood at about 132.3 months of spending, down from 193.2 in 2010. Staff pay was 0% of spending. $1,059,132 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
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