Ridgewood Older Adult Center And Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 628,742 | 624,459 | 4,283 | 2.7 | 44% |
| 2021 | 549,789 | 548,439 | 1,350 | 4.1 | 49% |
| 2022 | 724,202 | 672,623 | 51,579 | 3.9 | 51% |
| 2023 | 672,216 | 702,157 | −29,941 | 3.2 | 46% |
In its most recent public year (2023), this organization spent $29,941 more than it brought in. Its reserves stood at about 3.2 months of spending. Staff pay was 46% 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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