Local Development Corporation Of East New York
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 557,702 | 607,922 | −50,220 | 1.2 | 54% |
| 2012 | 467,787 | 497,385 | −29,598 | 0.8 | 62% |
| 2013 | 592,532 | 582,378 | 10,154 | 0.9 | 52% |
| 2014 | 689,031 | 654,773 | 34,258 | 1.3 | 49% |
| 2015 | 577,794 | 583,583 | −5,789 | 0.5 | 49% |
| 2016 | 648,019 | 622,160 | 25,859 | 1.6 | 53% |
| 2017 | 605,431 | 609,032 | −3,601 | 3.2 | 43% |
| 2018 | 667,962 | 679,819 | −11,857 | 1.9 | 46% |
| 2019 | 650,349 | 696,050 | −45,701 | 1.7 | 45% |
| 2020 | 557,962 | 630,129 | −72,167 | 1.1 | 57% |
| 2021 | 499,693 | 556,533 | −56,840 | 2.4 | 66% |
| 2022 | 723,756 | 722,174 | 1,582 | 2.4 | 67% |
| 2023 | 783,742 | 819,313 | −35,571 | 2.1 | 33% |
In its most recent public year (2023), this organization spent $35,571 more than it brought in. Its reserves stood at about 2.1 months of spending. Staff pay was 33% 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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