Lee Elderly Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 530,413 | 533,349 | −2,936 | -5.8 | 19% |
| 2021 | 577,052 | 572,660 | 4,392 | -5.3 | 17% |
| 2022 | 586,062 | 588,678 | −2,616 | -5.3 | 18% |
| 2023 | 609,156 | 612,604 | −3,448 | -5.1 | 16% |
In its most recent public year (2023), this organization spent $3,448 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months). Staff pay was 16% 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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