Urban Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,056,994 | 1,140,226 | −83,232 | -12.1 | 20% |
| 2012 | 1,044,187 | 1,152,101 | −107,914 | -12.8 | 23% |
| 2013 | 1,062,524 | 1,111,046 | −48,522 | -13.4 | 22% |
| 2014 | 52,064 | 55,110 | −3,046 | -271.0 | 38% |
| 2015 | 1,004,383 | 1,073,335 | −68,952 | -14.6 | 16% |
| 2016 | 1,093,530 | 1,116,848 | −23,318 | -14.4 | 15% |
| 2017 | 1,106,155 | 1,099,976 | 6,179 | -14.5 | 17% |
| 2018 | 1,120,780 | 1,094,458 | 26,322 | -14.3 | 23% |
| 2019 | 1,136,224 | 1,216,747 | −80,523 | -13.7 | 20% |
| 2020 | 1,156,821 | 1,163,776 | −6,955 | -14.4 | 21% |
| 2021 | 1,187,696 | 1,210,528 | −22,832 | -14.0 | 15% |
| 2022 | 1,194,928 | 1,344,997 | −150,069 | -14.2 | 21% |
| 2023 | 1,244,003 | 1,297,322 | −53,319 | -15.2 | 23% |
In its most recent public year (2023), this organization spent $53,319 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-15.2 months), down from -12.1 in 2011. Staff pay was 23% 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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