Flatbush Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 939,622 | 936,272 | 3,350 | 4.0 | 61% |
| 2012 | 1,004,532 | 1,010,196 | −5,664 | 3.6 | 47% |
| 2013 | 1,117,805 | 1,131,594 | −13,789 | 3.1 | 54% |
| 2014 | 1,739,075 | 1,636,320 | 102,755 | 2.8 | 56% |
| 2015 | 1,958,516 | 1,870,397 | 88,119 | 3.1 | 56% |
| 2016 | 1,815,701 | 1,817,231 | −1,530 | 3.1 | 58% |
| 2017 | 2,732,389 | 2,561,591 | 170,798 | 3.0 | 59% |
| 2018 | 3,076,405 | 2,882,711 | 193,694 | 3.5 | 63% |
| 2019 | 3,354,552 | 3,167,677 | 186,875 | 3.9 | 63% |
| 2020 | 3,575,217 | 3,483,660 | 91,557 | 3.8 | 60% |
| 2021 | 3,995,581 | 3,518,714 | 476,867 | 5.4 | 53% |
| 2022 | 3,907,106 | 3,982,167 | −75,061 | 4.6 | 59% |
| 2023 | 4,616,666 | 4,775,664 | −158,998 | 3.4 | 60% |
In its most recent public year (2023), this organization spent $158,998 more than it brought in. Its reserves stood at about 3.4 months of spending. Staff pay was 60% of spending. $301,261 of its net assets are donor-restricted.
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
Flatbush 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