Lutheran Senior Housing Of Cheboygan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 246,216 | 263,640 | −17,424 | -25.4 | 14% |
| 2012 | 244,305 | 280,240 | −35,935 | -25.4 | 18% |
| 2013 | 229,636 | 273,048 | −43,412 | -28.0 | 15% |
| 2014 | 250,498 | 271,253 | −20,755 | -29.1 | 15% |
| 2015 | 232,834 | 295,136 | −62,302 | -29.3 | 16% |
| 2016 | 245,824 | 258,737 | −12,913 | -34.0 | 17% |
| 2017 | 251,226 | 266,057 | −14,831 | -33.7 | 17% |
| 2018 | 246,957 | 269,401 | −22,444 | -34.3 | 16% |
| 2019 | 267,590 | 253,782 | 13,808 | -35.7 | 16% |
| 2020 | 286,170 | 229,688 | 56,482 | -36.5 | 19% |
| 2021 | 278,121 | 228,594 | 49,527 | -34.1 | 19% |
| 2022 | 277,501 | 232,481 | 45,020 | -31.2 | 19% |
| 2023 | 283,351 | 215,810 | 67,541 | -29.9 | 19% |
In its most recent public year (2023), this organization brought in $67,541 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-29.9 months), down from -25.4 in 2011. Staff pay was 19% 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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