Albert Lea Senior Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 165,621 | 230,963 | −65,342 | 102.7 | 11% |
| 2022 | 162,492 | 268,914 | −106,422 | 83.5 | 10% |
| 2023 | 156,283 | 240,828 | −84,545 | 89.0 | 12% |
| 2024 | 173,006 | 256,060 | −83,054 | 79.8 | 13% |
In its most recent public year (2024), this organization spent $83,054 more than it brought in. Its reserves stood at about 79.8 months of spending, down from 102.7 in 2021. Staff pay was 13% of spending. $2,611,200 of its net assets are donor-restricted.
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 2024. 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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