Passaic Enterprise Zone Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,975,708 | 985,925 | 989,783 | 66.1 | 15% |
| 2011 | 1,456,976 | 801,258 | 655,718 | 91.2 | 21% |
| 2012 | 576,015 | 561,940 | 14,075 | 70.9 | 20% |
| 2013 | 424,229 | 405,224 | 19,005 | 98.1 | 17% |
| 2014 | 772,795 | 756,837 | 15,958 | 52.7 | 10% |
| 2015 | 370,074 | 461,313 | −91,239 | 77.1 | 17% |
| 2016 | 407,807 | 422,623 | −14,816 | 83.8 | 19% |
| 2017 | 66,965 | 552,935 | −485,970 | 75.7 | 15% |
| 2018 | 60,411 | 525,831 | −465,420 | 68.9 | 16% |
| 2019 | 62,057 | 534,791 | −472,734 | 57.1 | 40% |
| 2020 | 36,968 | 494,492 | −457,524 | 50.7 | 45% |
| 2021 | 794,799 | 1,290,784 | −495,985 | 14.7 | 18% |
| 2022 | 49,526 | 593,333 | −543,807 | 21.1 | 39% |
| 2023 | 492,072 | 365,936 | 126,136 | 37.7 | 65% |
In its most recent public year (2023), this organization brought in $126,136 more than it spent. Its reserves stood at about 37.7 months of spending, down from 66.1 in 2010. Staff pay was 65% 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
Passaic Enterprise Zone Development Corporation'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