Abode Community Housing
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,658 | 1,500,155 | −1,487,497 | -56.0 | 0% |
| 2021 | 13,008 | 1,894,617 | −1,881,609 | -56.3 | 0% |
| 2022 | 13,404 | 3,573,649 | −3,560,245 | -41.8 | 0% |
| 2023 | 13,812 | 6,251,944 | −6,238,132 | -35.9 | 0% |
In its most recent public year (2023), this organization spent $6,238,132 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-35.9 months), up from -56 in 2020. Staff pay was 0% 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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