Versailles Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 225,202 | 240,040 | −14,838 | -10.8 | 0% |
| 2012 | 228,126 | 233,914 | −5,788 | -11.4 | 0% |
| 2013 | 233,598 | 353,862 | −120,264 | -11.6 | 0% |
| 2014 | 236,338 | 241,560 | −5,222 | -17.3 | 0% |
| 2015 | 367,962 | 256,093 | 111,869 | -11.0 | 0% |
| 2016 | 238,231 | 259,308 | −21,077 | -11.9 | 0% |
| 2017 | 231,346 | 234,948 | −3,602 | -13.3 | 0% |
| 2018 | 251,029 | 232,144 | 18,885 | -12.5 | 0% |
| 2019 | 250,228 | 316,634 | −66,406 | -11.7 | 0% |
| 2020 | 253,996 | 256,967 | −2,971 | -14.5 | 2% |
| 2021 | 250,107 | 276,040 | −25,933 | -14.6 | 2% |
| 2022 | 263,053 | 528,833 | −265,780 | -13.7 | 1% |
| 2023 | 269,878 | 316,440 | −46,562 | -24.6 | 0% |
In its most recent public year (2023), this organization spent $46,562 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.6 months), down from -10.8 in 2011. Staff pay was 0% 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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