Asbury Towers Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,010,189 | 5,100,226 | 909,963 | -0.2 | 76% |
| 2021 | 5,168,269 | 4,574,703 | 593,566 | 1.3 | 73% |
| 2022 | 4,341,311 | 4,769,750 | −428,439 | 0.2 | 73% |
| 2023 | 4,121,931 | 5,068,547 | −946,616 | -2.1 | 74% |
In its most recent public year (2023), this organization spent $946,616 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months), down from -0.2 in 2020. Staff pay was 74% 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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