Grand Marais Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 83,031 | 88,525 | −5,494 | 4.3 | 0% |
| 2012 | 80,472 | 80,051 | 421 | 4.8 | 0% |
| 2013 | 76,237 | 84,340 | −8,103 | 3.4 | 1% |
| 2014 | 121,165 | 105,822 | 15,343 | 4.5 | 1% |
| 2015 | 90,257 | 90,778 | −521 | 5.2 | 7% |
| 2016 | 88,207 | 76,953 | 11,254 | 8.1 | 6% |
| 2017 | 90,017 | 191,602 | −101,585 | -3.1 | 3% |
| 2018 | 92,020 | 86,932 | 5,088 | -6.1 | 7% |
| 2019 | 89,867 | 68,162 | 21,705 | -4.1 | 10% |
| 2020 | 91,739 | 232,737 | −140,998 | -8.4 | 3% |
| 2021 | 92,798 | 88,642 | 4,156 | -21.6 | 9% |
| 2022 | 92,914 | 89,418 | 3,496 | -20.4 | 9% |
| 2023 | 110,432 | 103,788 | 6,644 | -16.8 | 8% |
In its most recent public year (2023), this organization brought in $6,644 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-16.8 months), down from 4.3 in 2011. Staff pay was 8% 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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