Summit Terrace Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 108,303 | 137,597 | −29,294 | 92.2 | 4% |
| 2012 | 102,393 | 145,478 | −43,085 | 83.7 | 4% |
| 2013 | 116,772 | 137,501 | −20,729 | 86.7 | 4% |
| 2014 | 121,656 | 141,537 | −19,881 | 82.6 | 0% |
| 2015 | 121,092 | 156,722 | −35,630 | 72.6 | 0% |
| 2016 | 120,458 | 134,311 | −13,853 | 83.5 | 0% |
| 2017 | 120,917 | 141,243 | −20,326 | 77.7 | 0% |
| 2018 | 119,612 | 166,242 | −46,630 | 62.6 | 0% |
| 2019 | 137,650 | 149,375 | −11,725 | 68.8 | 0% |
| 2020 | 147,477 | 167,739 | −20,262 | 59.8 | 0% |
| 2021 | 152,083 | 183,387 | −31,304 | 52.6 | 0% |
| 2022 | 143,058 | 200,668 | −57,610 | 44.7 | 0% |
| 2023 | 146,912 | 199,810 | −52,898 | 41.7 | 0% |
In its most recent public year (2023), this organization spent $52,898 more than it brought in. Its reserves stood at about 41.7 months of spending, down from 92.2 in 2011. Staff pay was 0% of spending. $1,464,900 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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