Regional Housing & Community Services Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 5,358,855 | 6,597,576 | −1,238,721 | -2.3 | 45% |
| 2019 | 10,018,349 | 14,520,731 | −4,502,382 | -4.7 | 42% |
| 2020 | 11,809,699 | 19,558,631 | −7,748,932 | -8.3 | 32% |
| 2021 | 12,534,536 | 20,748,820 | −8,214,284 | -11.9 | 23% |
| 2022 | 5,538,748 | 14,378,867 | −8,840,119 | -25.0 | 32% |
| 2023 | 3,089,532 | 21,752,186 | −18,662,654 | -26.8 | 23% |
In its most recent public year (2023), this organization spent $18,662,654 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-26.8 months), down from -2.3 in 2018. Staff pay was 23% 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
Regional Housing & Community Services Corporation'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