Carmel Residence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 656,967 | 633,683 | 23,284 | 19.6 | 32% |
| 2012 | 686,896 | 642,961 | 43,935 | 20.1 | 31% |
| 2013 | 661,678 | 645,953 | 15,725 | 20.3 | 31% |
| 2014 | 776,645 | 674,239 | 102,406 | 21.3 | 29% |
| 2015 | 804,684 | 676,646 | 128,038 | 23.5 | 30% |
| 2016 | 735,481 | 701,558 | 33,923 | 23.2 | 28% |
| 2017 | 774,486 | 728,557 | 45,929 | 23.1 | 27% |
| 2018 | 770,557 | 785,991 | −15,434 | 21.1 | 27% |
| 2019 | 752,751 | 868,827 | −116,076 | 17.5 | 28% |
| 2020 | 796,659 | 864,394 | −67,735 | 16.7 | 31% |
| 2021 | 737,574 | 818,896 | −81,322 | 16.4 | 29% |
| 2022 | 913,349 | 880,565 | 32,784 | 15.7 | 29% |
| 2023 | 999,908 | 973,998 | 25,910 | 14.5 | 31% |
In its most recent public year (2023), this organization brought in $25,910 more than it spent. Its reserves stood at about 14.5 months of spending, down from 19.6 in 2011. Staff pay was 31% 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
Carmel Residence Inc'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