Northwest Michigan Rural Housing Partnership
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 823,756 | 247,936 | 575,820 | 27.9 | 58% |
| 2021 | 153,727 | 306,014 | −152,287 | 16.6 | — |
| 2022 | 500,394 | 514,413 | −14,019 | 9.6 | 43% |
| 2023 | 662,055 | 622,246 | 39,809 | 8.7 | 41% |
In its most recent public year (2023), this organization brought in $39,809 more than it spent. Its reserves stood at about 8.7 months of spending, down from 27.9 in 2020. Staff pay was 41% of spending. $132,199 of its net assets are donor-restricted.
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
Northwest Michigan Rural Housing Partnership'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