Lakewood Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,429,505 | 3,184,670 | 12,244,835 | 111.2 | 14% |
| 2012 | 234,705 | 2,175,257 | −1,940,552 | 152.1 | 13% |
| 2013 | 271,441 | 1,485,240 | −1,213,799 | 212.9 | 15% |
| 2014 | 308,149 | 2,075,274 | −1,767,125 | 142.2 | 9% |
| 2015 | 274,234 | 913,359 | −639,125 | 314.6 | 18% |
| 2016 | 258,118 | 798,491 | −540,373 | 351.7 | 21% |
| 2017 | 239,015 | 609,413 | −370,398 | 453.6 | 25% |
| 2018 | 242,671 | 805,297 | −562,626 | 334.9 | 20% |
| 2019 | 203,534 | 581,058 | −377,524 | 394.9 | 28% |
| 2020 | 153,157 | 544,697 | −391,540 | 407.3 | 34% |
| 2021 | 209,046 | 526,377 | −317,331 | 414.2 | 34% |
| 2022 | 2,074,456 | 614,628 | 1,459,828 | 383.3 | 37% |
| 2023 | 2,236,613 | 891,297 | 1,345,316 | 282.4 | 26% |
In its most recent public year (2023), this organization brought in $1,345,316 more than it spent. Its reserves stood at about 282.4 months of spending, up from 111.2 in 2011. Staff pay was 26% of spending. $3,520,017 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
Lakewood 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