Salem Y Veterans Housing
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 339,280 | 324,179 | 15,101 | 0.6 | 0% |
| 2021 | 409,657 | 361,550 | 48,107 | 2.1 | 0% |
| 2022 | 3,392,197 | 370,783 | 3,021,414 | 99.8 | 0% |
| 2023 | 4,465,790 | 201,734 | 4,264,056 | 437.1 | 16% |
In its most recent public year (2023), this organization brought in $4,264,056 more than it spent. Its reserves stood at about 437.1 months of spending, up from 0.6 in 2020. Staff pay was 16% 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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