Palmetto Breeze Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 59,845 | 97,554 | −37,709 | 64.5 | 9% |
| 2021 | 63,246 | 88,550 | −25,304 | -43.4 | 9% |
| 2022 | 68,119 | 96,900 | −28,781 | -43.2 | 8% |
| 2023 | 73,102 | 126,623 | −53,521 | -38.2 | 8% |
In its most recent public year (2023), this organization spent $53,521 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-38.2 months), down from 64.5 in 2020. Staff pay was 8% 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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