Providence Clemens Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 194,124 | 340,313 | −146,189 | -33.7 | 0% |
| 2019 | 187,999 | 330,775 | −142,776 | -39.9 | 0% |
| 2020 | 195,702 | 310,472 | −114,770 | -46.9 | 0% |
| 2021 | 187,841 | 340,124 | −152,283 | -48.2 | 0% |
| 2022 | 204,519 | 354,291 | −149,772 | -51.4 | 0% |
| 2023 | 249,960 | 407,406 | −157,446 | -49.3 | 0% |
In its most recent public year (2023), this organization spent $157,446 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-49.3 months), down from -33.7 in 2018. 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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