Valdese Nursing Home Inc College Pines Nursing Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 726,297 | 620,836 | 105,461 | -15.9 | 49% |
| 2013 | 7,977,144 | 8,348,200 | −371,056 | -1.7 | 61% |
| 2014 | 7,737,845 | 8,601,297 | −863,452 | -2.9 | 61% |
| 2015 | 7,667,824 | 8,906,205 | −1,238,381 | -4.4 | 61% |
| 2016 | 8,542,654 | 8,868,601 | −325,947 | -4.9 | 61% |
| 2017 | 8,368,160 | 8,348,602 | 19,558 | -5.2 | 62% |
| 2018 | 8,576,694 | 8,130,514 | 446,180 | -4.7 | 63% |
| 2019 | 4,587,210 | 4,421,568 | 165,642 | -8.1 | 57% |
| 2020 | 737,572 | 170,083 | 567,489 | -171.3 | 0% |
| 2021 | 683,280 | 207,123 | 476,157 | -113.0 | 0% |
| 2022 | 341,640 | 62,575 | 279,065 | -320.7 | 0% |
| 2023 | 683,280 | 132,225 | 551,055 | -101.7 | 0% |
In its most recent public year (2023), this organization brought in $551,055 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-101.7 months), down from -15.9 in 2012. 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
Valdese Nursing Home Inc College Pines Nursing Center's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works