Housing And Economic Rural Opportunity Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 183,858 | 89,022 | 94,836 | 128.5 | 0% |
| 2021 | 1,179,122 | 884,834 | 294,288 | 16.9 | 0% |
| 2022 | 0 | 59,274 | −59,274 | 240.7 | 0% |
| 2023 | 204,971 | 79,931 | 125,040 | 72.8 | 0% |
In its most recent public year (2023), this organization brought in $125,040 more than it spent. Its reserves stood at about 72.8 months of spending, down from 128.5 in 2020. 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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