Cove Communities Senior Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 852,578 | 872,835 | −20,257 | 14.7 | 40% |
| 2013 | 817,700 | 738,039 | 79,661 | 18.8 | 46% |
| 2014 | 946,168 | 894,977 | 51,191 | 16.4 | 46% |
| 2015 | 850,262 | 902,246 | −51,984 | 15.4 | 47% |
| 2016 | 965,384 | 895,351 | 70,033 | 16.2 | 48% |
| 2017 | 920,542 | 907,021 | 13,521 | 16.8 | 50% |
| 2018 | 923,713 | 961,059 | −37,346 | 15.7 | 47% |
| 2019 | 1,118,660 | 1,069,815 | 48,845 | 14.4 | 44% |
| 2020 | 1,139,146 | 1,145,545 | −6,399 | 13.1 | 48% |
| 2021 | 1,019,798 | 1,094,522 | −74,724 | 14.1 | 55% |
| 2022 | 1,325,206 | 1,168,171 | 157,035 | 13.8 | 55% |
| 2023 | 2,351,587 | 1,335,890 | 1,015,697 | 21.7 | 59% |
| 2024 | 1,820,101 | 1,474,340 | 345,761 | 23.0 | 56% |
In its most recent public year (2024), this organization brought in $345,761 more than it spent. Its reserves stood at about 23 months of spending, up from 14.7 in 2012. Staff pay was 56% of spending. $325,269 of its net assets are donor-restricted.
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 2024. 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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