Norfolk Senior Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 280,346 | 292,113 | −11,767 | 32.3 | 17% |
| 2021 | 282,341 | 290,269 | −7,928 | 32.2 | 19% |
| 2022 | 301,662 | 335,954 | −34,292 | 26.6 | 18% |
| 2023 | 298,343 | 337,544 | −39,201 | 25.1 | 18% |
In its most recent public year (2023), this organization spent $39,201 more than it brought in. Its reserves stood at about 25.1 months of spending, down from 32.3 in 2020. Staff pay was 18% 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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