Waterloo Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,942,645 | 85,685 | 1,856,960 | 458.8 | 0% |
| 2012 | 4,556,454 | 62,196 | 4,494,258 | 1499.2 | 0% |
| 2013 | 3,838,897 | 96,095 | 3,742,802 | 1437.7 | 0% |
| 2014 | 4,720,706 | 23,488,647 | −18,767,941 | -3.7 | 0% |
| 2015 | 2,952,441 | 333,349 | 2,619,092 | -166.9 | 0% |
| 2016 | 2,203,400 | 195,227 | 2,008,173 | -161.5 | 0% |
| 2017 | 1,802,604 | 118,492 | 1,684,112 | -95.6 | 0% |
| 2018 | 1,330,036 | 75,380 | 1,254,656 | 49.5 | 0% |
| 2019 | 76,895 | 81,634 | −4,739 | 45.0 | 0% |
| 2020 | 105,846 | 107,343 | −1,497 | 34.1 | 0% |
| 2021 | 123,629 | 127,478 | −3,849 | 28.3 | 0% |
| 2022 | 876,951 | 482,293 | 394,658 | 17.3 | 0% |
| 2023 | 693,984 | 166,766 | 527,218 | 88.0 | 0% |
In its most recent public year (2023), this organization brought in $527,218 more than it spent. Its reserves stood at about 88 months of spending, down from 458.8 in 2011. Staff pay was 0% of spending. $12,415 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 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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