Villa Portofino Homeowners Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,409,098 | 1,487,330 | −78,232 | 8.1 | 8% |
| 2022 | 1,411,032 | 1,294,502 | 116,530 | 10.4 | 9% |
| 2023 | 1,510,758 | 1,222,743 | 288,015 | 13.9 | 13% |
| 2024 | 1,541,969 | 1,237,235 | 304,734 | 16.7 | 8% |
In its most recent public year (2024), this organization brought in $304,734 more than it spent. Its reserves stood at about 16.7 months of spending, up from 8.1 in 2021. Staff pay was 8% 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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