Wesley Ridge Residence Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,697,141 | 7,405,161 | 291,980 | -14.4 | 32% |
| 2021 | 6,469,324 | 8,025,044 | −1,555,720 | -15.6 | 22% |
| 2022 | 5,429,327 | 8,214,816 | −2,785,489 | 23.0 | 24% |
| 2023 | 8,715,747 | 13,117,677 | −4,401,930 | 10.3 | 25% |
In its most recent public year (2023), this organization spent $4,401,930 more than it brought in. Its reserves stood at about 10.3 months of spending, up from -14.4 in 2020. Staff pay was 25% 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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