City Of Lubbock Housing Initiatives
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 392,861 | 1,062,759 | −669,898 | 19.2 | 6% |
| 2021 | 232,343 | 323,415 | −91,072 | 86.4 | 20% |
| 2022 | 1,020,268 | 481,192 | 539,076 | 78.5 | 14% |
| 2023 | 514,452 | 537,627 | −23,175 | 69.8 | 17% |
In its most recent public year (2023), this organization spent $23,175 more than it brought in. Its reserves stood at about 69.8 months of spending, up from 19.2 in 2020. Staff pay was 17% of spending. $734,930 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
City Of Lubbock Housing Initiatives's IRS filings as a feed — one entry per filing year, through 2023. 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