Palm Court Senior Homes Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 35,593 | 259,961 | −224,368 | 83.5 | 0% |
| 2021 | 27,716 | 1,685,235 | −1,657,519 | 1.1 | 0% |
| 2022 | 34,179 | 128,714 | −94,535 | 5.3 | 0% |
| 2023 | 569,375 | 1,089,595 | −520,220 | -5.1 | 0% |
In its most recent public year (2023), this organization spent $520,220 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months), down from 83.5 in 2020. 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 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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