Ferndale Downtown Developmentassociation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 894,209 | 420,208 | 474,001 | 13.5 | 11% |
| 2023 | 117,926 | 247,576 | −129,650 | 16.7 | 26% |
In its most recent public year (2023), this organization spent $129,650 more than it brought in. Its reserves stood at about 16.7 months of spending, up from 13.5 in 2022. Staff pay was 26% 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
Ferndale Downtown Developmentassociation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works