Southwest Boston Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 603,255 | 651,260 | −48,005 | -1.7 | 27% |
| 2021 | 1,363,909 | 1,612,181 | −248,272 | -1.1 | 7% |
| 2022 | 1,602,991 | 2,304,488 | −701,497 | -4.4 | 4% |
| 2023 | 1,941,688 | 2,500,319 | −558,631 | -6.7 | 6% |
In its most recent public year (2023), this organization spent $558,631 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.7 months), down from -1.7 in 2020. Staff pay was 6% 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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