Parkway Elderly Housing Development Fund Co Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,605,070 | 1,552,881 | 52,189 | 13.5 | 15% |
| 2021 | 1,628,608 | 1,572,025 | 56,583 | 13.7 | 15% |
| 2022 | 1,772,243 | 1,600,696 | 171,547 | 14.8 | 15% |
| 2023 | 1,849,611 | 1,579,563 | 270,048 | 17.0 | 16% |
In its most recent public year (2023), this organization brought in $270,048 more than it spent. Its reserves stood at about 17 months of spending, up from 13.5 in 2020. 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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