Life Care Residences Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 877,437 | 827,238 | 50,199 | 63.5 | 0% |
| 2012 | 1,437,724 | 1,473,915 | −36,191 | 35.3 | 8% |
| 2013 | 1,490,390 | 1,607,458 | −117,068 | 31.5 | 5% |
| 2014 | 1,909,620 | 1,571,786 | 337,834 | 34.8 | 4% |
| 2015 | 1,997,271 | 1,889,595 | 107,676 | 29.6 | 3% |
| 2016 | 1,939,973 | 1,986,650 | −46,677 | 27.9 | 3% |
| 2017 | 1,852,484 | 1,471,472 | 381,012 | 40.8 | 3% |
| 2018 | 12,331,053 | 968,420 | 11,362,633 | 202.8 | 1% |
| 2019 | 139,933 | 606,800 | −466,867 | 314.4 | 0% |
| 2020 | 26,518 | 2,050,054 | −2,023,536 | 40.6 | 0% |
| 2021 | −182,285 | 1,178,966 | −1,361,251 | 64.2 | 0% |
| 2022 | 656,473 | 1,812,153 | −1,155,680 | 34.0 | 0% |
| 2023 | 2,755,108 | 3,079,086 | −323,978 | 18.7 | 0% |
In its most recent public year (2023), this organization spent $323,978 more than it brought in. Its reserves stood at about 18.7 months of spending, down from 63.5 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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