Palmer Senior Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 44,613 | 69,629 | −25,016 | -55.3 | 0% |
| 2022 | 48,205 | 69,460 | −21,255 | -59.1 | 0% |
| 2023 | 50,178 | 74,076 | −23,898 | -59.3 | 0% |
| 2024 | 55,786 | 74,616 | −18,830 | -61.9 | 0% |
In its most recent public year (2024), this organization spent $18,830 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-61.9 months), down from -55.3 in 2021. Staff pay was 0% 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 2024. 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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