Lake Ridge Elderly Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 393,616 | 896,912 | −503,296 | 8.7 | 10% |
| 2016 | 1,569,018 | 1,550,461 | 18,557 | 5.2 | 18% |
| 2017 | 1,587,206 | 1,557,626 | 29,580 | 5.4 | 18% |
| 2018 | 1,626,346 | 1,821,902 | −195,556 | 3.0 | 20% |
| 2019 | 1,673,850 | 1,747,177 | −73,327 | 2.6 | 20% |
| 2020 | 1,757,344 | 1,704,665 | 52,679 | 3.0 | 22% |
| 2021 | 1,728,421 | 1,746,729 | −18,308 | 2.8 | 22% |
| 2022 | 1,837,167 | 1,865,805 | −28,638 | 2.0 | 27% |
| 2023 | 1,860,470 | 1,977,967 | −117,497 | 1.0 | 24% |
In its most recent public year (2023), this organization spent $117,497 more than it brought in. Its reserves stood at about 1 months of spending, down from 8.7 in 2015. Staff pay was 24% 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
Lake Ridge Elderly Development Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works