Northwest Ottawa Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 274,928 | 282,299 | −7,371 | 1.0 | 0% |
| 2012 | 200,750 | 101,816 | 98,934 | 14.5 | 0% |
| 2013 | 96,633 | 109,221 | −12,588 | 12.1 | 0% |
| 2014 | 97,798 | 101,925 | −4,127 | 12.5 | 0% |
| 2015 | 116,550 | 120,755 | −4,205 | 11.4 | 0% |
| 2016 | 149,416 | 144,789 | 4,627 | 9.9 | 0% |
| 2017 | 175,154 | 178,468 | −3,314 | 7.8 | 0% |
| 2018 | 159,320 | 138,014 | 21,306 | 12.0 | 0% |
| 2019 | 148,522 | 203,324 | −54,802 | 4.9 | 0% |
| 2020 | 92,582 | 125,443 | −32,861 | 4.8 | 0% |
| 2021 | 45,702 | 50,605 | −4,903 | 27.5 | 0% |
| 2022 | 79,490 | 85,741 | −6,251 | 15.4 | 0% |
| 2023 | 89,086 | 77,585 | 11,501 | 18.8 | 0% |
| 2024 | 64,414 | 81,528 | −17,114 | 15.3 | 0% |
In its most recent public year (2024), this organization spent $17,114 more than it brought in. Its reserves stood at about 15.3 months of spending, up from 1 in 2011. Staff pay was 0% of spending. $42,017 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 2024. 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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