First A M E Housing Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,562,567 | 1,592,756 | 969,811 | 46.4 | 23% |
| 2021 | 2,370,228 | 1,839,904 | 530,324 | 44.0 | 18% |
| 2022 | 10,980,310 | 1,556,272 | 9,424,038 | 124.7 | 26% |
| 2023 | 3,205,304 | 2,687,813 | 517,491 | 84.1 | 19% |
In its most recent public year (2023), this organization brought in $517,491 more than it spent. Its reserves stood at about 84.1 months of spending, up from 46.4 in 2020. Staff pay was 19% of spending. $2,825,122 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
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