Nybdc Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,475,914 | 6,852,196 | 5,623,718 | 14.5 | 28% |
| 2021 | 11,667,987 | 5,667,337 | 6,000,650 | 30.3 | 43% |
| 2022 | 11,401,541 | 5,645,203 | 5,756,338 | 42.6 | 48% |
| 2023 | 12,326,838 | 7,890,484 | 4,436,354 | 37.2 | 47% |
In its most recent public year (2023), this organization brought in $4,436,354 more than it spent. Its reserves stood at about 37.2 months of spending, up from 14.5 in 2020. Staff pay was 47% of spending. $7,596,249 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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