College Properties Of Lorain County Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $3,293,640 | $5,366,229 | −$2,072,589 | 13.3 | 0% |
| 2021 | $1,116,823 | $3,991,965 | −$2,875,142 | 10.1 | 0% |
| 2022 | $4,601,519 | $5,557,011 | −$955,492 | 5.7 | 0% |
| 2023 | $4,684,073 | $5,833,454 | −$1,149,381 | 2.9 | 0% |
In its most recent public year (2023), this organization spent $1,149,381 more than it brought in. Its reserves stood at about 2.9 months of spending, down from 13.3 in 2020. 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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