Parallel Senior Villas Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 338,170 | 509,365 | −171,195 | -40.8 | 0% |
| 2022 | 360,598 | 588,366 | −227,768 | -40.0 | 0% |
| 2023 | 446,442 | 583,059 | −136,617 | -43.2 | 0% |
In its most recent public year (2023), this organization spent $136,617 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-43.2 months), down from -40.8 in 2021. 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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