Southeastern Minnesota 504 Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 341,456 | 378,403 | −36,947 | 33.0 | 0% |
| 2012 | 475,515 | 471,251 | 4,264 | 26.6 | 0% |
| 2013 | 353,481 | 413,467 | −59,986 | 28.6 | 0% |
| 2014 | 373,171 | 426,486 | −53,315 | 26.2 | 0% |
| 2015 | 416,288 | 422,075 | −5,787 | 26.3 | 0% |
| 2016 | 378,608 | 390,892 | −12,284 | 28.0 | 0% |
| 2017 | 486,018 | 473,776 | 12,242 | 23.4 | 0% |
| 2018 | 456,103 | 459,002 | −2,899 | 24.1 | 0% |
| 2019 | 498,926 | 459,938 | 38,988 | 25.1 | 0% |
| 2020 | 625,589 | 563,358 | 62,231 | 21.8 | 53% |
| 2021 | 776,358 | 594,221 | 182,137 | 24.3 | 68% |
| 2022 | 649,867 | 538,484 | 111,383 | 29.3 | 65% |
| 2023 | 615,052 | 517,414 | 97,638 | 32.8 | 66% |
In its most recent public year (2023), this organization brought in $97,638 more than it spent. Its reserves stood at about 32.8 months of spending. Staff pay was 66% 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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