The Palms Retirement Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 596,044 | 556,130 | 39,914 | -9.1 | 17% |
| 2013 | 599,849 | 537,642 | 62,207 | -8.1 | 19% |
| 2014 | 606,073 | 553,831 | 52,242 | -6.7 | 18% |
| 2015 | 595,391 | 559,355 | 36,036 | -5.9 | 18% |
| 2016 | 550,305 | 550,582 | −277 | -6.0 | 19% |
| 2017 | 562,079 | 564,823 | −2,744 | -5.9 | 19% |
| 2018 | 562,822 | 562,964 | −142 | -5.9 | 19% |
| 2019 | 577,947 | 573,416 | 4,531 | -5.7 | 18% |
| 2020 | 585,271 | 575,681 | 9,590 | -5.5 | 19% |
| 2021 | 587,429 | 589,711 | −2,282 | -5.4 | 18% |
| 2022 | 399,317 | 579,013 | −179,696 | -9.2 | 20% |
| 2023 | 619,200 | 576,369 | 42,831 | -8.4 | 21% |
In its most recent public year (2023), this organization brought in $42,831 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-8.4 months). Staff pay was 21% 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
The Palms Retirement Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works