Northland Lutheran Affordable Living For The Elderly Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 87,379 | 131,740 | −44,361 | -19.7 | 14% |
| 2020 | 95,051 | 130,639 | −35,588 | -22.3 | 12% |
| 2021 | 87,295 | 135,498 | −48,203 | -24.7 | 12% |
| 2022 | 89,204 | 144,449 | −55,245 | -31.8 | 10% |
| 2023 | 106,411 | 146,355 | −39,944 | -34.5 | 11% |
In its most recent public year (2023), this organization spent $39,944 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-34.5 months), down from -19.7 in 2019. Staff pay was 11% 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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