Island Elderly Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 873,052 | 994,114 | −121,062 | 8.9 | 30% |
| 2021 | 911,909 | 1,070,720 | −158,811 | 6.5 | 32% |
| 2022 | 916,888 | 1,033,436 | −116,548 | 5.3 | 30% |
| 2023 | 1,196,618 | 1,040,599 | 156,019 | 7.1 | 33% |
In its most recent public year (2023), this organization brought in $156,019 more than it spent. Its reserves stood at about 7.1 months of spending, down from 8.9 in 2020. Staff pay was 33% 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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