Gifford Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,939,510 | 7,659,706 | −1,720,196 | -7.6 | 40% |
| 2021 | 5,271,559 | 8,135,340 | −2,863,781 | -11.4 | 37% |
| 2022 | 6,727,568 | 9,115,601 | −2,388,033 | -13.4 | 36% |
| 2023 | 6,387,768 | 10,148,310 | −3,760,542 | -16.5 | 40% |
In its most recent public year (2023), this organization spent $3,760,542 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.5 months), down from -7.6 in 2020. Staff pay was 40% of spending. $70,917 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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