Operating record

Residents First Development Corp

Beverly, MA · EIN 04-3282997 · files the short form (990-EZ), so reduced detail · latest public year 2024

YearMoney inMoney outResultReserve mo.Staffing
2021$130,548$1,684$128,864-2933.30%
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 ↗