Local Development Corporation Of Crown Heights Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,222,274 | 828,841 | 393,433 | 35.4 | 42% |
| 2021 | 1,226,376 | 1,024,799 | 201,577 | 112.8 | 45% |
| 2022 | 1,270,264 | 1,132,590 | 137,674 | 103.0 | 38% |
| 2023 | 1,226,111 | 1,470,419 | −244,308 | 78.9 | 35% |
In its most recent public year (2023), this organization spent $244,308 more than it brought in. Its reserves stood at about 78.9 months of spending, up from 35.4 in 2020. Staff pay was 35% 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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