Bay Aging Apartments Gloucester Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 259,872 | 338,227 | −78,355 | 101.9 | 8% |
| 2012 | 270,407 | 349,998 | −79,591 | 95.7 | 9% |
| 2013 | 269,923 | 337,233 | −67,310 | 97.0 | 8% |
| 2014 | 288,483 | 342,743 | −54,260 | 93.5 | 8% |
| 2015 | 290,322 | 352,201 | −61,879 | 88.9 | 7% |
| 2016 | 295,482 | 381,911 | −86,429 | 79.3 | 8% |
| 2017 | 294,651 | 381,098 | −86,447 | 76.7 | 8% |
| 2018 | 317,057 | 390,691 | −73,634 | 72.6 | 8% |
| 2019 | 341,838 | 444,557 | −102,719 | 61.0 | 7% |
| 2020 | 384,520 | 443,698 | −59,178 | 59.5 | 7% |
| 2021 | 404,965 | 434,236 | −29,271 | 60.0 | 7% |
| 2022 | 424,147 | 475,778 | −51,631 | 52.9 | 7% |
| 2023 | 431,712 | 487,571 | −55,859 | 50.3 | 7% |
In its most recent public year (2023), this organization spent $55,859 more than it brought in. Its reserves stood at about 50.3 months of spending, down from 101.9 in 2011. Staff pay was 7% of spending. $3,682,000 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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