Second District Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,395,839 | 194,459 | 1,201,380 | 74.1 | 0% |
| 2020 | 493,226 | 492,044 | 1,182 | 29.3 | 0% |
| 2021 | 466,607 | 642,178 | −175,571 | 19.5 | 0% |
In its most recent public year (2021), this organization spent $175,571 more than it brought in. Its reserves stood at about 19.5 months of spending, down from 74.1 in 2019. Staff pay was 0% 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 2021. 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
Second District Community Development Corporation's IRS filings as a feed — one entry per filing year, through 2021. 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