Grove Hall Neighborhood Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | −120,644 | 129,021 | −249,665 | 1.7 | 62% |
| 2011 | −17,740 | 160,053 | −177,793 | -11.9 | 49% |
| 2012 | 207,794 | 117,105 | 90,689 | -7.0 | 0% |
| 2013 | 311,086 | 117,145 | 193,941 | 11.3 | 60% |
| 2014 | 329,160 | 104,247 | 224,913 | 73.3 | 64% |
| 2015 | 444,548 | 163,240 | 281,308 | 67.5 | 40% |
| 2016 | 566,460 | 114,666 | 451,794 | 139.8 | 57% |
| 2017 | 312,405 | 152,421 | 159,984 | 117.7 | 45% |
| 2018 | 388,413 | 126,485 | 261,928 | 205.3 | 54% |
| 2019 | 361,562 | 110,261 | 251,301 | 228.7 | 31% |
| 2021 | 727,177 | 237,960 | 489,217 | 136.5 | 30% |
| 2022 | 525,759 | 344,081 | 181,678 | 129.8 | 22% |
In its most recent public year (2022), this organization brought in $181,678 more than it spent. Its reserves stood at about 129.8 months of spending, up from 1.7 in 2010. Staff pay was 22% of spending. $2,822,726 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 2022. 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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