Mill Creek Senior Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 287,108 | 392,600 | −105,492 | -20.4 | 20% |
| 2020 | 293,635 | 385,951 | −92,316 | -23.6 | 20% |
| 2021 | 304,296 | 383,688 | −79,392 | -26.2 | 18% |
| 2022 | 304,082 | 443,615 | −139,533 | -26.4 | 15% |
| 2023 | 322,485 | 459,589 | −137,104 | -29.1 | 15% |
In its most recent public year (2023), this organization spent $137,104 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-29.1 months), down from -20.4 in 2019. Staff pay was 15% 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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