Nc Elderly Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 479,025 | 506,499 | −27,474 | -7.9 | 0% |
| 2021 | 486,723 | 429,952 | 56,771 | -7.7 | 24% |
| 2022 | 499,176 | 419,696 | 79,480 | -5.6 | 24% |
| 2023 | 517,749 | 426,351 | 91,398 | -3.0 | 26% |
In its most recent public year (2023), this organization brought in $91,398 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3 months), up from -7.9 in 2020. Staff pay was 26% 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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