L & T Affordable Housing Urban Renewal Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,807 | 5,560 | 16,247 | 35.1 | 0% |
| 2021 | 712,092 | 180,084 | 532,008 | 36.5 | 18% |
| 2022 | 1,363,037 | 228,637 | 1,134,400 | 88.3 | 26% |
| 2023 | 634,423 | 355,674 | 278,749 | 64.6 | 15% |
In its most recent public year (2023), this organization brought in $278,749 more than it spent. Its reserves stood at about 64.6 months of spending, up from 35.1 in 2020. Staff pay was 15% 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
L & T Affordable Housing Urban Renewal Corporation'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