Thomaston Elderly Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 531,286 | 494,424 | 36,862 | -15.1 | 0% |
| 2021 | 541,910 | 477,961 | 63,949 | -14.0 | 22% |
| 2022 | 554,963 | 479,875 | 75,088 | -12.1 | 23% |
| 2023 | 571,643 | 474,369 | 97,274 | -9.7 | 24% |
In its most recent public year (2023), this organization brought in $97,274 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-9.7 months), up from -15.1 in 2020. Staff pay was 24% 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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