Lourdes-Noreen Mckeen Residence For Geriatric Care Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23,025,947 | 23,666,192 | −640,245 | 21.0 | 34% |
| 2021 | 25,669,100 | 23,433,062 | 2,236,038 | 22.3 | 31% |
| 2022 | 21,007,942 | 26,154,470 | −5,146,528 | 14.8 | 26% |
| 2023 | 23,888,580 | 26,569,549 | −2,680,969 | 14.1 | 31% |
In its most recent public year (2023), this organization spent $2,680,969 more than it brought in. Its reserves stood at about 14.1 months of spending, down from 21 in 2020. Staff pay was 31% of spending. $144,761 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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