Academy Place Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 372,397 | 331,159 | 41,238 | 7.9 | 16% |
| 2020 | 250,315 | 285,448 | −35,133 | 7.7 | 17% |
| 2021 | 263,399 | 254,900 | 8,499 | 9.7 | 18% |
| 2022 | 249,287 | 260,358 | −11,071 | 9.5 | 18% |
| 2023 | 273,877 | 259,455 | 14,422 | 10.2 | 18% |
In its most recent public year (2023), this organization brought in $14,422 more than it spent. Its reserves stood at about 10.2 months of spending, up from 7.9 in 2019. Staff pay was 18% 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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