Operating record

Palmer Park Seniors Housing Inc

Rockville, MD · EIN 30-0017331 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2021$692,251$808,428−$116,17753.112%
2022$666,160$818,578−$152,41850.213%
2023$664,423$840,318−$175,89546.412%

In its most recent public year (2023), this organization spent $175,895 more than it brought in. Its reserves stood at about 46.4 months of spending, down from 53.1 in 2021. Staff pay was 12% 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 ↗