Northeast Alabama Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 214,325 | 260,014 | −45,689 | 6.2 | 65% |
| 2012 | 273,963 | 253,854 | 20,109 | 7.3 | 65% |
| 2013 | 146,677 | 164,299 | −17,622 | 9.9 | 66% |
| 2014 | 204,826 | 208,497 | −3,671 | 5.5 | 66% |
| 2015 | 179,699 | 100,710 | 78,989 | 20.8 | 57% |
| 2016 | 244,937 | 193,034 | 51,903 | 14.1 | 46% |
| 2017 | 274,163 | 185,872 | 88,291 | 20.3 | 43% |
| 2018 | 134,423 | 170,683 | −36,260 | 19.6 | — |
| 2019 | 127,642 | 169,821 | −42,179 | 16.7 | — |
| 2020 | 83,395 | 120,772 | −37,377 | 17.5 | — |
| 2021 | 124,315 | 140,815 | −16,500 | 28.6 | — |
| 2022 | 86,959 | 101,839 | −14,880 | 37.9 | — |
| 2023 | 57,857 | 72,681 | −14,824 | 63.5 | — |
In its most recent public year (2023), this organization spent $14,824 more than it brought in. Its reserves stood at about 63.5 months of spending, up from 6.2 in 2011.
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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