North Brooklyn Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,075,634 | 833,966 | 241,668 | 16.7 | 82% |
| 2022 | 1,923,302 | 1,251,271 | 672,031 | 17.6 | 83% |
| 2023 | 1,485,652 | 1,152,738 | 332,914 | 22.5 | 81% |
In its most recent public year (2023), this organization brought in $332,914 more than it spent. Its reserves stood at about 22.5 months of spending, up from 16.7 in 2021. Staff pay was 81% 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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