Albemarle Older Adult Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 218,041 | 256,307 | −38,266 | 75.6 | 0% |
| 2021 | 216,235 | 271,610 | −55,375 | 68.9 | 0% |
| 2022 | 224,348 | 304,719 | −80,371 | 58.2 | 0% |
| 2023 | 222,036 | 326,054 | −104,018 | 50.6 | 0% |
In its most recent public year (2023), this organization spent $104,018 more than it brought in. Its reserves stood at about 50.6 months of spending, down from 75.6 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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