Lyngblomsten Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,247,755 | 1,442,305 | −194,550 | -13.1 | 30% |
| 2021 | 1,378,002 | 1,564,125 | −186,123 | -13.5 | 26% |
| 2022 | 1,357,242 | 1,613,949 | −256,707 | -14.8 | 25% |
| 2023 | 1,602,621 | 1,708,157 | −105,536 | -14.7 | 24% |
In its most recent public year (2023), this organization spent $105,536 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.7 months), down from -13.1 in 2020. Staff pay was 24% 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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