Lutheran Home Albemarle Property
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 439,569 | 286,770 | 152,799 | 185.3 | 0% |
| 2021 | 547,753 | 558,427 | −10,674 | 97.3 | 0% |
| 2022 | 410,330 | 701,083 | −290,753 | 69.0 | 0% |
| 2023 | 409,672 | 694,743 | −285,071 | 66.3 | 0% |
In its most recent public year (2023), this organization spent $285,071 more than it brought in. Its reserves stood at about 66.3 months of spending, down from 185.3 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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