Westfield Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 36,560 | 44,112 | −7,552 | 1.4 | — |
| 2013 | 34,223 | 35,339 | −1,116 | 3.8 | — |
| 2014 | 40,595 | 39,655 | 940 | 3.7 | — |
| 2015 | 37,839 | 36,167 | 1,672 | 4.6 | — |
| 2016 | 38,000 | 41,512 | −3,512 | 3.0 | — |
| 2017 | 43,783 | 48,766 | −4,983 | 1.3 | — |
| 2018 | 45,000 | 44,563 | 437 | 1.6 | — |
| 2019 | 43,025 | 22,072 | 20,953 | 14.5 | — |
| 2020 | 43,000 | 13,918 | 29,082 | 48.1 | — |
| 2021 | 43,000 | 32,610 | 10,390 | 24.4 | — |
| 2022 | 62,500 | 50,556 | 11,944 | 18.6 | — |
| 2023 | 53,750 | 61,099 | −7,349 | 13.9 | — |
In its most recent public year (2023), this organization spent $7,349 more than it brought in. Its reserves stood at about 13.9 months of spending, up from 1.4 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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