Fairmont Park East Home Owners Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 296,317 | 280,093 | 16,224 | 20.3 | 0% |
| 2021 | 285,088 | 282,321 | 2,767 | 20.2 | 0% |
| 2022 | 276,112 | 338,313 | −62,201 | 14.7 | 0% |
| 2023 | 327,390 | 323,692 | 3,698 | 15.5 | 0% |
In its most recent public year (2023), this organization brought in $3,698 more than it spent. Its reserves stood at about 15.5 months of spending, down from 20.3 in 2020. Staff pay was 0% 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 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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