Tower City Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 71,926 | 82,989 | −11,063 | -4.7 | — |
| 2012 | 70,062 | 77,976 | −7,914 | -6.3 | — |
| 2013 | 72,205 | 95,996 | −23,791 | -8.1 | — |
| 2014 | 81,270 | 86,652 | −5,382 | -9.7 | — |
| 2015 | 87,118 | 90,270 | −3,152 | -9.7 | — |
| 2016 | 77,405 | 85,771 | −8,366 | -11.4 | — |
| 2017 | 60,657 | 83,819 | −23,162 | -15.0 | — |
| 2018 | 79,957 | 87,900 | −7,943 | -15.3 | — |
| 2019 | 74,546 | 74,727 | −181 | -18.1 | — |
| 2021 | 53,636 | 63,416 | −9,780 | -24.3 | 0% |
| 2022 | 87,338 | 82,836 | 4,502 | -20.1 | 0% |
| 2023 | 85,335 | 92,025 | −6,690 | -19.0 | 0% |
In its most recent public year (2023), this organization spent $6,690 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-19 months), down from -4.7 in 2011. Staff pay was 0% 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
Tower City Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works