Corning Senior Apartments
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 66,543 | 80,351 | −13,808 | 86.1 | 9% |
| 2022 | 73,191 | 91,909 | −18,718 | 72.8 | 12% |
| 2023 | 74,416 | 80,153 | −5,737 | 82.7 | 13% |
| 2024 | 80,342 | 96,167 | −15,825 | 66.9 | 12% |
In its most recent public year (2024), this organization spent $15,825 more than it brought in. Its reserves stood at about 66.9 months of spending, down from 86.1 in 2021. Staff pay was 12% of spending. $798,800 of its net assets are donor-restricted.
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 2024. 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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