Summit Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 58,487 | 51,697 | 6,790 | 1.1 | — |
| 2012 | 63,868 | 60,520 | 3,348 | 1.6 | — |
| 2013 | 59,023 | 54,717 | 4,306 | 2.7 | — |
| 2014 | 60,360 | 59,849 | 511 | 2.6 | — |
| 2015 | 61,901 | 65,431 | −3,530 | 1.7 | — |
| 2016 | 61,076 | 71,479 | −10,403 | -0.2 | — |
| 2017 | 61,449 | 54,819 | 6,630 | 1.2 | — |
| 2018 | 60,771 | 76,594 | −15,823 | -1.6 | — |
| 2019 | 57,327 | 103,770 | −46,443 | -6.6 | — |
| 2020 | 62,411 | 56,833 | 5,578 | -10.8 | — |
| 2021 | 61,678 | 86,339 | −24,661 | -10.5 | — |
| 2022 | 61,111 | 54,518 | 6,593 | -15.2 | — |
| 2023 | 61,784 | 114,736 | −52,952 | -12.8 | — |
In its most recent public year (2023), this organization spent $52,952 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.8 months), down from 1.1 in 2011.
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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