The Salvation Army Lake View Terrace Residences Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 533,937 | 842,633 | −308,696 | 43.5 | 15% |
| 2021 | 575,421 | 863,327 | −287,906 | 38.5 | 15% |
| 2022 | 576,133 | 791,218 | −215,085 | 38.7 | 14% |
| 2023 | 620,183 | 792,140 | −171,957 | 36.1 | 15% |
In its most recent public year (2023), this organization spent $171,957 more than it brought in. Its reserves stood at about 36.1 months of spending, down from 43.5 in 2020. Staff pay was 15% 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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