Portales Retirement Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 683,211 | 635,841 | 47,370 | -7.0 | 9% |
| 2021 | 670,684 | 638,506 | 32,178 | -5.8 | 9% |
| 2022 | 671,518 | 623,110 | 48,408 | -4.6 | 10% |
| 2023 | 811,979 | 701,026 | 110,953 | -1.8 | 10% |
In its most recent public year (2023), this organization brought in $110,953 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.8 months), up from -7 in 2020. Staff pay was 10% 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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