Massachusetts Association Of Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,787,575 | 1,661,412 | 126,163 | 5.0 | 52% |
| 2022 | 1,911,835 | 1,846,689 | 65,146 | 4.9 | 49% |
| 2023 | 2,156,365 | 2,077,710 | 78,655 | 4.9 | 41% |
In its most recent public year (2023), this organization brought in $78,655 more than it spent. Its reserves stood at about 4.9 months of spending. Staff pay was 41% of spending. $194,594 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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