Fields Corner Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 872,715 | 1,004,362 | −131,647 | 13.2 | 64% |
| 2021 | 937,732 | 1,000,025 | −62,293 | 12.5 | 61% |
| 2022 | 858,841 | 1,053,127 | −194,286 | 9.7 | 66% |
| 2023 | 505,681 | 1,068,571 | −562,890 | 3.2 | 65% |
In its most recent public year (2023), this organization spent $562,890 more than it brought in. Its reserves stood at about 3.2 months of spending, down from 13.2 in 2020. Staff pay was 65% 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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