Spirit Canyon Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,237,259 | 2,284,915 | −47,656 | -1.8 | 54% |
| 2013 | 39,193 | 55,209 | −16,016 | -45.3 | 0% |
| 2014 | 46,861 | 62,715 | −15,854 | -42.9 | 0% |
| 2015 | 52,888 | 55,987 | −3,099 | -48.7 | — |
| 2016 | 46,692 | 65,900 | −19,208 | -44.9 | — |
| 2017 | 47,735 | 63,795 | −16,060 | -49.4 | — |
| 2021 | 52,895 | 66,327 | −13,432 | -57.0 | — |
| 2022 | 59,609 | 64,981 | −5,372 | -59.1 | — |
| 2023 | 59,378 | 65,439 | −6,061 | -59.8 | — |
In its most recent public year (2023), this organization spent $6,061 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-59.8 months), down from -1.8 in 2012.
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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