Meridian Place Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 94,120 | 120,528 | −26,408 | -26.7 | 10% |
| 2012 | 93,171 | 124,742 | −31,571 | -28.9 | 10% |
| 2013 | 93,555 | 114,137 | −20,582 | -33.7 | 5% |
| 2014 | 92,843 | 135,341 | −42,498 | -32.2 | 5% |
| 2015 | 107,003 | 150,499 | −43,496 | -32.4 | 5% |
| 2016 | 108,957 | 147,169 | −38,212 | -36.3 | 6% |
| 2017 | 117,580 | 170,960 | −53,380 | -35.0 | 9% |
| 2018 | 138,898 | 146,567 | −7,669 | -41.4 | 8% |
| 2019 | 141,241 | 151,016 | −9,775 | -41.0 | 8% |
| 2020 | 142,711 | 141,508 | 1,203 | -43.6 | 8% |
| 2021 | 141,050 | 141,262 | −212 | -43.7 | 9% |
| 2022 | 137,851 | 172,156 | −34,305 | -38.3 | 8% |
| 2023 | 159,011 | 170,261 | −11,250 | -39.5 | 8% |
In its most recent public year (2023), this organization spent $11,250 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-39.5 months), down from -26.7 in 2011. Staff pay was 8% 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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