Memorial Apartments Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,751,652 | 1,757,409 | −5,757 | -1.2 | 23% |
| 2012 | 1,830,355 | 1,659,470 | 170,885 | -0.1 | 25% |
| 2013 | 1,708,614 | 1,658,433 | 50,181 | 0.3 | 24% |
| 2015 | 0 | 16,192 | −16,192 | 9512.1 | 0% |
| 2016 | 0 | 33,679 | −33,679 | 4561.2 | 0% |
| 2017 | 0 | 151,181 | −151,181 | 1004.1 | 0% |
| 2018 | 0 | 138,376 | −138,376 | 1085.0 | 0% |
| 2019 | 13,600 | 144,926 | −131,326 | 1113.9 | 0% |
| 2020 | 127,827 | 142,416 | −14,589 | 1132.3 | 0% |
| 2021 | 864,107 | 131,439 | 732,668 | 1293.8 | 0% |
| 2022 | 3,583,185 | 497,584 | 3,085,601 | 416.2 | 0% |
| 2023 | 379,267 | 931,384 | −552,117 | 215.2 | 0% |
In its most recent public year (2023), this organization spent $552,117 more than it brought in. Its reserves stood at about 215.2 months of spending, up from -1.2 in 2011. Staff pay was 0% 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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