Spotswood Reformed Church Senior Citizens Housing Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,204,817 | 2,188,814 | 16,003 | -9.4 | 23% |
| 2020 | 2,117,892 | 2,128,910 | −11,018 | -9.8 | 27% |
| 2021 | 2,410,450 | 2,392,567 | 17,883 | -8.6 | 25% |
| 2022 | 2,542,732 | 2,387,800 | 154,932 | -6.2 | 31% |
| 2023 | 2,672,519 | 2,314,765 | 357,754 | -4.5 | 37% |
In its most recent public year (2023), this organization brought in $357,754 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-4.5 months), up from -9.4 in 2019. Staff pay was 37% 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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