North Rockford Convalescent Home
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 1,133,902 | 1,795,335 | −661,433 | -4.4 | 0% |
| 2015 | 2,804,004 | 3,776,213 | −972,209 | -5.2 | 0% |
| 2016 | 2,539,509 | 3,818,471 | −1,278,962 | -9.2 | 0% |
| 2017 | 2,881,726 | 3,955,141 | −1,073,415 | -12.1 | 0% |
| 2018 | 3,093,606 | 4,318,887 | −1,225,281 | -14.5 | 0% |
| 2019 | 3,813,968 | 4,492,223 | −678,255 | -15.7 | 0% |
| 2020 | 3,870,781 | 4,230,222 | −359,441 | -17.7 | 0% |
| 2021 | 3,914,186 | 3,880,610 | 33,576 | -19.2 | 0% |
| 2022 | 4,001,213 | 3,961,430 | 39,783 | -18.7 | 0% |
| 2023 | 4,258,426 | 4,019,785 | 238,641 | -17.7 | 0% |
| 2024 | 4,745,314 | 4,995,120 | −249,806 | -14.9 | 0% |
In its most recent public year (2024), this organization spent $249,806 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.9 months), down from -4.4 in 2014. 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 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
North Rockford Convalescent Home's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works