Concord Nursing Home Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,651,549 | 17,336,869 | 4,314,680 | -8.6 | 0% |
| 2021 | 21,158,053 | 16,864,926 | 4,293,127 | -5.8 | 37% |
| 2022 | 23,338,511 | 20,432,495 | 2,906,016 | -3.1 | 29% |
| 2023 | 21,032,213 | 18,713,052 | 2,319,161 | -1.9 | 34% |
In its most recent public year (2023), this organization brought in $2,319,161 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.9 months), up from -8.6 in 2020. Staff pay was 34% 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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