Sacred Heart Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 609,267 | 587,570 | 21,697 | -15.9 | 15% |
| 2021 | 651,700 | 646,338 | 5,362 | -14.3 | 18% |
| 2022 | 660,911 | 664,849 | −3,938 | -14.0 | 17% |
| 2023 | 682,169 | 694,923 | −12,754 | -13.6 | 15% |
In its most recent public year (2023), this organization spent $12,754 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.6 months), up from -15.9 in 2020. 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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