Gering Elderly Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 155,020 | 152,044 | 2,976 | -53.3 | 3% |
| 2022 | 157,753 | 162,654 | −4,901 | -50.2 | 5% |
| 2023 | 166,398 | 170,905 | −4,507 | -48.1 | 7% |
| 2024 | 176,049 | 155,888 | 20,161 | -51.1 | 9% |
In its most recent public year (2024), this organization brought in $20,161 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-51.1 months), up from -53.3 in 2021. Staff pay was 9% 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
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