Lutheran Retirement Center - Clemmons Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,241,590 | 921,767 | 319,823 | 5.6 | 17% |
| 2022 | 1,241,347 | 1,273,178 | −31,831 | 3.8 | 21% |
| 2023 | 1,336,356 | 1,180,328 | 156,028 | 5.5 | 17% |
In its most recent public year (2023), this organization brought in $156,028 more than it spent. Its reserves stood at about 5.5 months of spending. Staff pay was 17% 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
Lutheran Retirement Center - Clemmons 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