Penney Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 10,349,383 | 10,185,817 | 163,566 | 12.8 | 41% |
| 2013 | 11,242,444 | 10,986,710 | 255,734 | 12.2 | 40% |
| 2014 | 12,401,678 | 12,074,502 | 327,176 | 11.6 | 40% |
| 2015 | 13,456,247 | 11,821,484 | 1,634,763 | 13.2 | 40% |
| 2016 | 12,191,232 | 12,240,165 | −48,933 | 13.0 | 41% |
| 2017 | 13,587,112 | 12,607,439 | 979,673 | 13.8 | 40% |
| 2018 | 16,748,919 | 13,202,926 | 3,545,993 | 15.8 | 40% |
| 2019 | 15,013,472 | 13,927,058 | 1,086,414 | 15.8 | 39% |
| 2020 | 15,573,329 | 15,560,703 | 12,626 | 13.8 | 37% |
| 2021 | 17,793,426 | 16,809,244 | 984,182 | 14.0 | 38% |
| 2022 | 18,040,863 | 17,354,442 | 686,421 | 13.5 | 38% |
| 2023 | 17,944,399 | 18,877,559 | −933,160 | 12.4 | 40% |
| 2024 | 20,107,371 | 20,321,950 | −214,579 | 11.5 | 39% |
In its most recent public year (2024), this organization spent $214,579 more than it brought in. Its reserves stood at about 11.5 months of spending, down from 12.8 in 2012. Staff pay was 39% of spending. $900,950 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 2024. 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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