Progress Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 162,286 | 183,791 | −21,505 | -10.0 | 16% |
| 2013 | 165,897 | 196,236 | −30,339 | -11.2 | 15% |
| 2014 | 167,698 | 181,499 | −13,801 | -13.1 | 16% |
| 2015 | 168,499 | 184,964 | −16,465 | -13.9 | 15% |
| 2016 | 169,221 | 180,260 | −11,039 | -15.0 | 0% |
| 2017 | 175,198 | 188,935 | −13,737 | -15.2 | 17% |
| 2018 | 173,377 | 182,169 | −8,792 | -16.3 | 17% |
| 2019 | 173,188 | 187,174 | −13,986 | -16.8 | 17% |
| 2020 | 196,574 | 187,658 | 8,916 | -16.2 | 16% |
| 2021 | 200,177 | 160,895 | 39,282 | -15.9 | 16% |
| 2022 | 200,228 | 181,673 | 18,555 | -12.9 | 17% |
| 2023 | 210,256 | 173,750 | 36,506 | -10.9 | 19% |
| 2024 | 215,494 | 206,222 | 9,272 | -8.7 | 16% |
In its most recent public year (2024), this organization brought in $9,272 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-8.7 months), up from -10 in 2012. 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 2024. 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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