Northland Lutheran Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,659,496 | 1,604,833 | 54,663 | 2.1 | 55% |
| 2020 | 1,471,160 | 1,441,602 | 29,558 | 2.2 | 59% |
| 2021 | 1,518,300 | 1,484,870 | 33,430 | 2.1 | 55% |
| 2022 | 1,650,754 | 1,649,313 | 1,441 | 1.1 | 50% |
| 2023 | 1,372,233 | 1,533,669 | −161,436 | 0.1 | 57% |
In its most recent public year (2023), this organization spent $161,436 more than it brought in. Its reserves stood at about 0.1 months of spending, down from 2.1 in 2019. Staff pay was 57% 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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