Elevate Housing Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 87,386 | −87,386 | -12.0 | — |
| 2018 | 4,817,960 | 5,722,000 | −904,040 | -2.1 | 50% |
| 2019 | 14,186,749 | 16,407,525 | −2,220,776 | -2.3 | 61% |
| 2020 | 19,130,686 | 22,230,167 | −3,099,481 | -8.8 | 53% |
| 2021 | 19,775,453 | 25,146,833 | −5,371,380 | -13.1 | 48% |
| 2022 | 24,527,753 | 25,031,429 | −503,676 | -13.4 | 54% |
| 2023 | 26,409,094 | 27,119,201 | −710,107 | -12.7 | 56% |
In its most recent public year (2023), this organization spent $710,107 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.7 months). Staff pay was 56% 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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