Palm Shores Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,204,924 | 7,423,710 | −218,786 | -3.6 | 1% |
| 2012 | 7,116,909 | 7,868,690 | −751,781 | -4.6 | 36% |
| 2013 | 7,177,992 | 7,998,589 | −820,597 | -5.6 | 36% |
| 2014 | 8,821,583 | 8,730,874 | 90,709 | -4.8 | 35% |
| 2015 | 10,329,227 | 9,079,813 | 1,249,414 | -3.1 | 38% |
| 2016 | 10,597,979 | 9,735,376 | 862,603 | -2.2 | 39% |
| 2017 | 12,159,752 | 9,769,118 | 2,390,634 | 1.0 | 41% |
| 2018 | 13,401,390 | 11,270,421 | 2,130,969 | 3.3 | 36% |
| 2019 | 13,674,381 | 11,494,380 | 2,180,001 | 5.6 | 36% |
| 2020 | 13,538,680 | 12,356,401 | 1,182,279 | 6.1 | 37% |
| 2021 | 14,639,622 | 11,260,624 | 3,378,998 | 11.3 | 38% |
| 2022 | 16,521,390 | 14,163,115 | 2,358,275 | 10.5 | 37% |
| 2023 | 16,542,184 | 16,383,630 | 158,554 | 8.7 | 35% |
In its most recent public year (2023), this organization brought in $158,554 more than it spent. Its reserves stood at about 8.7 months of spending, up from -3.6 in 2011. Staff pay was 35% of spending. $108,464 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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