Parsons Avenue Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 159,061 | 54,183 | 104,878 | 19.9 | 0% |
| 2015 | 67,220 | 60,389 | 6,831 | 19.2 | — |
| 2016 | 160,573 | 96,634 | 63,939 | 19.9 | — |
| 2017 | 79,476 | 115,340 | −35,864 | 5.2 | — |
| 2018 | 185,476 | 144,175 | 41,301 | 7.6 | — |
| 2019 | 102,806 | 121,075 | −18,269 | 7.2 | — |
| 2020 | 74,647 | 96,779 | −22,132 | 6.3 | — |
| 2021 | 87,258 | 99,712 | −12,454 | 4.6 | — |
| 2022 | 325,933 | 137,972 | 187,961 | 19.7 | 0% |
| 2023 | 39,092 | 97,809 | −58,717 | 20.6 | 0% |
In its most recent public year (2023), this organization spent $58,717 more than it brought in. Its reserves stood at about 20.6 months of spending. 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
Parsons Avenue Redevelopment 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