Spring Ridge Housing For Seniors Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 734,683 | 875,578 | −140,895 | 0.7 | 16% |
| 2022 | 713,095 | 883,690 | −170,595 | -1.6 | 16% |
| 2023 | 733,792 | 942,939 | −209,147 | -4.2 | 18% |
| 2024 | 734,522 | 952,116 | −217,594 | -6.9 | 19% |
In its most recent public year (2024), this organization spent $217,594 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.9 months), down from 0.7 in 2021. Staff pay was 19% 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 2024. 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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