Citywide Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,462,586 | 2,390,978 | −928,392 | 49.9 | 60% |
| 2017 | 3,696,197 | 2,007,932 | 1,688,265 | 69.0 | 78% |
| 2018 | 1,002,173 | 3,157,052 | −2,154,879 | 35.7 | 50% |
| 2019 | 1,175,235 | 1,570,892 | −395,657 | 68.8 | 103% |
| 2020 | 1,531,431 | 1,946,837 | −415,406 | 52.9 | 91% |
| 2021 | 698,058 | 1,161,975 | −463,917 | 83.9 | 153% |
| 2022 | 982,304 | 1,084,223 | −101,919 | 88.8 | 136% |
| 2023 | 7,566,754 | 5,276,998 | 2,289,756 | 23.4 | 29% |
In its most recent public year (2023), this organization brought in $2,289,756 more than it spent. Its reserves stood at about 23.4 months of spending, down from 49.9 in 2016. Staff pay was 29% 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
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