Mount Carmel Senior Housing Development Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 529,484 | 715,507 | −186,023 | -22.1 | 11% |
| 2012 | 528,349 | 729,439 | −201,090 | -25.0 | 11% |
| 2013 | 574,912 | 737,739 | −162,827 | -27.4 | 12% |
| 2014 | 593,499 | 767,456 | −173,957 | -29.1 | 11% |
| 2015 | 601,595 | 825,473 | −223,878 | -30.3 | 11% |
| 2016 | 608,455 | 760,458 | −152,003 | -35.3 | 11% |
| 2017 | 739,459 | 892,869 | −153,410 | -32.1 | 12% |
| 2018 | 779,676 | 986,752 | −207,076 | -31.6 | 12% |
| 2019 | 787,944 | 963,170 | −175,226 | -34.5 | 11% |
| 2020 | 891,497 | 1,030,749 | −139,252 | -33.9 | 0% |
| 2021 | 944,186 | 1,026,596 | −82,410 | -35.0 | 0% |
| 2022 | 915,588 | 1,107,244 | −191,656 | -34.5 | 0% |
| 2023 | 1,043,735 | 1,231,137 | −187,402 | -32.9 | 0% |
In its most recent public year (2023), this organization spent $187,402 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-32.9 months), down from -22.1 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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