Shoals Presbyterian Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,169,685 | 1,026,034 | 143,651 | -19.8 | 0% |
| 2022 | 1,193,609 | 1,109,814 | 83,795 | -17.4 | 0% |
| 2023 | 1,227,812 | 1,167,405 | 60,407 | -15.9 | 0% |
| 2024 | 1,299,143 | 1,179,871 | 119,272 | -14.6 | 0% |
In its most recent public year (2024), this organization brought in $119,272 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-14.6 months), up from -19.8 in 2021. Staff pay was 0% 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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