Geriatric Living Solutions
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 60,000 | 48,581 | 11,419 | 2.8 | — |
| 2015 | 249,327 | 281,800 | −32,473 | -0.9 | 61% |
| 2016 | 394,206 | 399,338 | −5,132 | -0.8 | 68% |
| 2017 | 483,725 | 526,931 | −43,206 | -1.6 | 78% |
| 2018 | 498,924 | 582,287 | −83,363 | -3.1 | 80% |
| 2019 | 640,375 | 719,994 | −79,619 | -3.9 | 82% |
| 2020 | 774,604 | 850,884 | −76,280 | -4.4 | 81% |
| 2021 | 785,482 | 1,039,506 | −254,024 | -6.7 | 78% |
| 2022 | 1,174,329 | 1,318,469 | −144,140 | -6.7 | 77% |
| 2023 | 1,267,545 | 1,497,833 | −230,288 | -7.8 | 77% |
In its most recent public year (2023), this organization spent $230,288 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.8 months), down from 2.8 in 2014. Staff pay was 77% 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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