Homeward Bound Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 73,387 | 87,674 | −14,287 | -2.7 | — |
| 2021 | 78,711 | 95,798 | −17,087 | -4.6 | — |
| 2022 | 84,056 | 100,642 | −16,586 | -6.3 | — |
| 2023 | 89,478 | 100,093 | −10,615 | -7.6 | — |
In its most recent public year (2023), this organization spent $10,615 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.6 months), down from -2.7 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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