New Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 67,902 | 86,956 | −19,054 | 5.3 | — |
| 2012 | 125,511 | 93,038 | 32,473 | 9.1 | 80% |
| 2013 | 99,129 | 99,630 | −501 | 8.5 | 81% |
| 2014 | 145,923 | 112,258 | 33,665 | 11.1 | 79% |
| 2015 | 100,866 | 112,072 | −11,206 | 9.9 | 82% |
| 2016 | 77,633 | 125,054 | −47,421 | 4.7 | 76% |
| 2017 | 206,412 | 132,872 | 73,540 | 10.7 | 75% |
| 2018 | 72,659 | 127,747 | −55,088 | 6.0 | 80% |
| 2019 | 127,398 | 120,821 | 6,577 | 7.0 | 81% |
| 2020 | 104,790 | 98,140 | 6,650 | 9.4 | 60% |
| 2021 | 178,256 | 157,148 | 21,108 | 7.5 | 54% |
| 2022 | 219,208 | 221,467 | −2,259 | 5.2 | 44% |
| 2023 | 334,395 | 398,663 | −64,268 | 0.9 | 34% |
In its most recent public year (2023), this organization spent $64,268 more than it brought in. Its reserves stood at about 0.9 months of spending, down from 5.3 in 2011. Staff pay was 34% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works