Residents First Development Corp
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $130,548 | $1,684 | $128,864 | -2933.3 | 0% |
| 2022 | $2 | $9,991 | −$9,989 | -506.4 | — |
| 2023 | $8,143 | $6,009 | $2,134 | -837.7 | — |
| 2024 | $1 | $1,628 | −$1,627 | -3104.1 | — |
In its most recent public year (2024), this organization spent $1,627 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3104.1 months), down from -2933.3 in 2021.
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 2024. 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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