Herkimer Affordable Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 263,876 | 131,958 | 131,918 | 12.0 | 0% |
| 2020 | 100,050 | 64,631 | 35,419 | 31.1 | 0% |
| 2021 | 554,486 | 460,466 | 94,020 | 6.8 | 0% |
| 2022 | 5,539,862 | 1,185,935 | 4,353,927 | 46.7 | 0% |
| 2023 | 378,776 | 471,979 | −93,203 | 115.0 | 0% |
In its most recent public year (2023), this organization spent $93,203 more than it brought in. Its reserves stood at about 115 months of spending, up from 12 in 2019. 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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