L A R C Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 47,603 | 88,288 | −40,685 | -73.3 | — |
| 2021 | 56,881 | 77,494 | −20,613 | -86.7 | — |
| 2022 | 51,670 | 63,181 | −11,511 | -108.5 | — |
| 2023 | 47,236 | 77,368 | −30,132 | -93.3 | — |
In its most recent public year (2023), this organization spent $30,132 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-93.3 months), down from -73.3 in 2020.
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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