Park Terrace Assisted Living Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,632,594 | 2,423,196 | 209,398 | 6.9 | 44% |
| 2020 | 2,767,460 | 2,621,720 | 145,740 | 8.0 | 48% |
| 2021 | 2,853,999 | 2,742,144 | 111,855 | 8.6 | 47% |
| 2022 | 3,035,737 | 2,861,722 | 174,015 | 7.5 | 48% |
| 2023 | 3,071,077 | 2,808,983 | 262,094 | 9.5 | 42% |
In its most recent public year (2023), this organization brought in $262,094 more than it spent. Its reserves stood at about 9.5 months of spending, up from 6.9 in 2019. Staff pay was 42% of spending. $1,399 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 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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