Mermentau Elderly Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 105,503 | 121,256 | −15,753 | 56.4 | 10% |
| 2021 | 89,292 | 143,177 | −53,885 | 43.3 | 10% |
| 2022 | 98,191 | 122,524 | −24,333 | 48.2 | 11% |
| 2023 | 87,209 | 174,069 | −86,860 | 27.9 | 14% |
In its most recent public year (2023), this organization spent $86,860 more than it brought in. Its reserves stood at about 27.9 months of spending, down from 56.4 in 2020. Staff pay was 14% of spending. $1,019,600 of its net assets are donor-restricted.
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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