Byfield Housing For The Elderly Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 490,214 | 548,003 | −57,789 | -30.2 | 16% |
| 2021 | 490,481 | 564,265 | −73,784 | -30.9 | 16% |
| 2022 | 490,031 | 573,355 | −83,324 | -32.1 | 16% |
| 2023 | 493,962 | 637,288 | −143,326 | -31.6 | 0% |
In its most recent public year (2023), this organization spent $143,326 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-31.6 months), down from -30.2 in 2020. Staff pay was 0% of spending. $3,356 of its net assets are donor-restricted.
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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