Heartland Lakes Development Commission
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 134,055 | 131,174 | 2,881 | 0.6 | — |
| 2012 | 259,597 | 228,588 | 31,009 | 2.0 | 40% |
| 2013 | 129,000 | 125,643 | 3,357 | 3.9 | — |
| 2014 | 132,500 | 131,307 | 1,193 | 3.9 | — |
| 2015 | 144,630 | 141,815 | 2,815 | 3.8 | — |
| 2016 | 157,015 | 154,378 | 2,637 | 3.7 | — |
| 2017 | 149,212 | 149,421 | −209 | 3.8 | — |
| 2018 | 141,975 | 131,532 | 10,443 | 5.4 | — |
| 2020 | 2,038,493 | 1,939,901 | 98,592 | 2.2 | 0% |
| 2021 | 742,491 | 568,364 | 174,127 | 7.8 | 16% |
| 2022 | 379,772 | 351,438 | 28,334 | 13.6 | 35% |
| 2023 | 922,283 | 588,572 | 333,711 | 19.7 | 26% |
In its most recent public year (2023), this organization brought in $333,711 more than it spent. Its reserves stood at about 19.7 months of spending, up from 0.6 in 2011. Staff pay was 26% of spending. $401,312 of its net assets are donor-restricted.
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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