Michigan Certified Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,622,532 | 1,825,472 | −202,940 | 14.7 | 56% |
| 2012 | 2,287,640 | 1,894,823 | 392,817 | 17.6 | 61% |
| 2013 | 2,592,405 | 2,215,980 | 376,425 | 17.4 | 56% |
| 2014 | 2,581,696 | 2,008,646 | 573,050 | 23.3 | 59% |
| 2015 | 2,590,439 | 1,940,022 | 650,417 | 27.5 | 54% |
| 2016 | 2,530,196 | 2,031,957 | 498,239 | 30.5 | 54% |
| 2017 | 2,803,120 | 2,306,715 | 496,405 | 31.0 | 54% |
| 2018 | 3,098,033 | 2,676,412 | 421,621 | 29.4 | 58% |
| 2019 | 3,185,851 | 3,270,484 | −84,633 | 23.8 | 56% |
| 2020 | 3,825,592 | 3,345,344 | 480,248 | 25.6 | 63% |
| 2021 | 6,129,522 | 3,304,674 | 2,824,848 | 32.0 | 63% |
| 2022 | 3,345,463 | 3,721,907 | −376,444 | 25.4 | 62% |
| 2023 | 3,683,434 | 3,910,841 | −227,407 | 24.4 | 60% |
In its most recent public year (2023), this organization spent $227,407 more than it brought in. Its reserves stood at about 24.4 months of spending, up from 14.7 in 2011. Staff pay was 60% 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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