Glades Correctional Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 15,804,232 | 14,823,213 | 981,019 | -2.4 | 0% |
| 2021 | 15,010,442 | 12,774,999 | 2,235,443 | -0.7 | 0% |
| 2022 | 8,072,727 | 10,409,730 | −2,337,003 | -3.6 | 0% |
| 2023 | 833,736 | 4,121,443 | −3,287,707 | -18.7 | 0% |
In its most recent public year (2023), this organization spent $3,287,707 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-18.7 months), down from -2.4 in 2020. Staff pay was 0% of spending. $2,500,000 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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