Ndc Housing And Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,793,357 | 10,433,704 | 359,653 | 17.1 | 27% |
| 2021 | 10,401,743 | 9,899,953 | 501,790 | 18.6 | 31% |
| 2022 | 13,208,840 | 11,761,090 | 1,447,750 | 17.1 | 24% |
In its most recent public year (2022), this organization brought in $1,447,750 more than it spent. Its reserves stood at about 17.1 months of spending. Staff pay was 24% 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 2022. 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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