Culver City Senior Citizens Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,320,222 | 848,180 | 472,042 | -47.9 | 0% |
| 2022 | 1,346,217 | 833,955 | 512,262 | -41.3 | 0% |
| 2023 | 1,390,101 | 1,000,230 | 389,871 | -29.8 | 0% |
| 2024 | 1,457,586 | 998,218 | 459,368 | -24.3 | 0% |
In its most recent public year (2024), this organization brought in $459,368 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-24.3 months), up from -47.9 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 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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