Eastern Tower Condominium Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 256,343 | 253,118 | 3,225 | 0.2 | 48% |
| 2020 | 618,854 | 509,031 | 109,823 | 2.7 | 43% |
| 2021 | 595,722 | 557,621 | 38,101 | 3.3 | 41% |
| 2022 | 509,693 | 555,325 | −45,632 | 2.3 | 40% |
| 2023 | 635,798 | 497,074 | 138,724 | 5.9 | 23% |
In its most recent public year (2023), this organization brought in $138,724 more than it spent. Its reserves stood at about 5.9 months of spending, up from 0.2 in 2019. Staff pay was 23% 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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