Stephen Smith Towers Apartments For The Elderly Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,168,249 | 1,221,570 | −53,321 | 2.5 | 17% |
| 2013 | 1,089,932 | 1,246,256 | −156,324 | 1.0 | 17% |
| 2014 | 1,149,722 | 1,176,967 | −27,245 | 0.8 | 16% |
| 2015 | 1,206,955 | 1,261,356 | −54,401 | 0.2 | 17% |
| 2016 | 1,235,108 | 1,232,493 | 2,615 | 0.2 | 17% |
| 2017 | 1,221,306 | 1,557,890 | −336,584 | -2.4 | 0% |
| 2018 | 1,294,013 | 1,385,535 | −91,522 | -3.5 | 0% |
| 2019 | 1,440,897 | 1,493,211 | −52,314 | -3.7 | 0% |
| 2020 | 1,481,883 | 1,453,821 | 28,062 | -3.5 | 17% |
| 2021 | 1,460,149 | 1,427,492 | 32,657 | -3.9 | 15% |
| 2022 | 1,523,422 | 1,562,854 | −39,432 | -3.8 | 12% |
| 2023 | 1,605,545 | 1,771,573 | −166,028 | -4.5 | 15% |
| 2024 | 1,689,792 | 1,788,587 | −98,795 | -5.1 | 16% |
In its most recent public year (2024), this organization spent $98,795 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months), down from 2.5 in 2012. 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 2024. 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
Stephen Smith Towers Apartments For The Elderly Inc's IRS filings as a feed — one entry per filing year, through 2024. 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