Belmont Elderly Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 483,717 | 417,545 | 66,172 | -21.6 | 0% |
| 2022 | 469,467 | 520,137 | −50,670 | -18.5 | 0% |
| 2023 | 460,505 | 514,699 | −54,194 | -20.0 | 0% |
| 2024 | 456,858 | 463,634 | −6,776 | -22.3 | 0% |
In its most recent public year (2024), this organization spent $6,776 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-22.3 months). 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 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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