Lincoln Avenue Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 155,647 | 236,639 | −80,992 | -1.5 | 15% |
| 2021 | 156,872 | 196,095 | −39,223 | -4.2 | 19% |
| 2022 | 153,094 | 219,420 | −66,326 | -7.4 | 21% |
| 2023 | 195,411 | 190,348 | 5,063 | -8.2 | 26% |
In its most recent public year (2023), this organization brought in $5,063 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-8.2 months), down from -1.5 in 2020. Staff pay was 26% 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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