Louie Street Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 149,561 | 151,372 | −1,811 | 16.3 | 10% |
| 2021 | 55,317 | 170,318 | −115,001 | 6.4 | 16% |
| 2022 | 152,284 | 208,901 | −56,617 | 3.6 | 17% |
| 2023 | 162,061 | 228,610 | −66,549 | -0.2 | 16% |
In its most recent public year (2023), this organization spent $66,549 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), down from 16.3 in 2020. Staff pay was 16% 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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