Central City Affordable Housing
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 293,220 | 246,052 | 47,168 | -15.4 | 11% |
| 2021 | 298,104 | 249,848 | 48,256 | -12.9 | 8% |
| 2022 | 270,037 | 238,439 | 31,598 | -11.9 | 8% |
| 2023 | 297,553 | 265,114 | 32,439 | -9.2 | 9% |
In its most recent public year (2023), this organization brought in $32,439 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-9.2 months), up from -15.4 in 2020. Staff pay was 9% 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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