Ideal Senior Living Center Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,871,786 | 3,917,923 | −46,137 | -1.3 | 40% |
| 2021 | 3,379,181 | 3,872,177 | −492,996 | -2.2 | 42% |
| 2022 | 3,604,457 | 3,926,616 | −322,159 | -4.2 | 46% |
| 2023 | 3,622,091 | 4,041,721 | −419,630 | -5.1 | 44% |
In its most recent public year (2023), this organization spent $419,630 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months), down from -1.3 in 2020. Staff pay was 44% of spending. $950,216 of its net assets are donor-restricted.
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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