Lakeland Presbyterian Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,425,439 | 1,415,367 | 10,072 | 16.2 | 25% |
| 2022 | 1,497,271 | 1,434,579 | 62,692 | 16.5 | 24% |
| 2023 | 1,559,178 | 1,478,456 | 80,722 | 16.7 | 24% |
| 2024 | 1,810,304 | 1,594,455 | 215,849 | 17.1 | 23% |
In its most recent public year (2024), this organization brought in $215,849 more than it spent. Its reserves stood at about 17.1 months of spending. Staff pay was 23% 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 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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