Mdbm-Drake Senior Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,005,373 | 1,062,001 | −56,628 | -2.4 | 0% |
| 2012 | 1,003,084 | 1,094,124 | −91,040 | -3.3 | 0% |
| 2013 | 492,614 | 1,066,238 | −573,624 | -9.8 | 0% |
| 2014 | 883,149 | 1,100,752 | −217,603 | -11.9 | 0% |
| 2015 | 889,045 | 1,081,819 | −192,774 | -14.3 | 0% |
| 2016 | 928,371 | 1,061,921 | −133,550 | -16.0 | 0% |
| 2017 | 935,827 | 1,041,861 | −106,034 | -17.7 | 23% |
| 2018 | 937,318 | 1,060,895 | −123,577 | -18.8 | 24% |
| 2019 | 975,376 | 1,067,261 | −91,885 | -19.7 | 21% |
| 2020 | 975,653 | 1,088,966 | −113,313 | -20.6 | 19% |
| 2021 | 981,471 | 1,079,732 | −98,261 | -21.8 | 21% |
| 2022 | 1,284,352 | 1,277,529 | 6,823 | -18.4 | 20% |
| 2023 | 1,421,526 | 1,186,911 | 234,615 | -17.4 | 26% |
In its most recent public year (2023), this organization brought in $234,615 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-17.4 months), down from -2.4 in 2011. Staff pay was 26% 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
Mdbm-Drake Senior Housing Corporation's IRS filings as a feed — one entry per filing year, through 2023. 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