Riverside Park Methodist Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,456,129 | 1,313,429 | 142,700 | -10.8 | 14% |
| 2021 | 1,491,880 | 1,345,607 | 146,273 | -9.3 | 17% |
| 2022 | 1,513,998 | 1,432,797 | 81,201 | -8.0 | 16% |
| 2023 | 1,229,291 | 1,423,331 | −194,040 | -9.7 | 18% |
In its most recent public year (2023), this organization spent $194,040 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9.7 months), up from -10.8 in 2020. Staff pay was 18% 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
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