First Community Housing
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,365,523 | 4,105,682 | −2,740,159 | 24.5 | 51% |
| 2021 | 734,419 | 4,893,081 | −4,158,662 | 10.4 | 54% |
| 2022 | 3,311,800 | 30,740,892 | −27,429,092 | -9.1 | 10% |
| 2023 | 23,061,178 | 10,631,115 | 12,430,063 | -10.4 | 20% |
In its most recent public year (2023), this organization brought in $12,430,063 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-10.4 months), down from 24.5 in 2020. Staff pay was 20% of spending. $60,111 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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