Redwood Cove Senior Apartments
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 449,480 | 462,825 | −13,345 | -31.4 | 41% |
| 2021 | 470,800 | 478,754 | −7,954 | -30.6 | 39% |
| 2022 | 490,339 | 636,862 | −146,523 | -25.8 | 31% |
| 2023 | 524,792 | 810,067 | −285,275 | -24.5 | 34% |
In its most recent public year (2023), this organization spent $285,275 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.5 months), up from -31.4 in 2020. Staff pay was 34% 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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