Hermon Elderly Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 191,000 | 186,501 | 4,499 | 8.4 | 0% |
| 2012 | 188,756 | 195,535 | −6,779 | 7.6 | 0% |
| 2013 | 195,110 | 204,055 | −8,945 | 6.7 | 0% |
| 2014 | 135,541 | 155,959 | −20,418 | 6.3 | 0% |
| 2015 | 133,340 | 161,801 | −28,461 | 4.0 | 0% |
| 2016 | 156,093 | 187,613 | −31,520 | 1.4 | 0% |
| 2017 | 142,883 | 203,871 | −60,988 | -2.3 | 0% |
| 2018 | 143,138 | 205,345 | −62,207 | -5.9 | 0% |
| 2019 | 147,086 | 201,412 | −54,326 | -9.2 | 0% |
| 2020 | 151,490 | 208,663 | −57,173 | -12.2 | 0% |
| 2021 | 158,155 | 210,214 | −52,059 | -15.1 | 0% |
| 2022 | 164,208 | 210,215 | −46,007 | -17.7 | 0% |
| 2023 | 167,890 | 226,887 | −58,997 | -19.5 | 0% |
In its most recent public year (2023), this organization spent $58,997 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-19.5 months), down from 8.4 in 2011. 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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