Richmond Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 10,981 | 28,565 | −17,584 | -14.0 | — |
| 2011 | 29,898 | 116,100 | −86,202 | -23.7 | — |
| 2012 | 53,802 | 86,644 | −32,842 | -36.4 | — |
| 2013 | 30,723 | 17,856 | 12,867 | -167.7 | — |
| 2014 | 0 | 157,706 | −157,706 | -32.5 | — |
| 2015 | 749,647 | 13,315 | 736,332 | 278.2 | 0% |
| 2016 | 45,215 | 6,900 | 38,315 | 601.5 | — |
| 2017 | 726,000 | 447,882 | 278,118 | 16.7 | 0% |
| 2018 | 1,626 | 5,058 | −3,432 | 1472.3 | 0% |
| 2019 | 760,369 | 762,954 | −2,585 | 9.7 | 0% |
| 2020 | 3,059 | 8,351 | −5,292 | 880.4 | 0% |
| 2023 | 6,391,268 | 2,313,063 | 4,078,205 | 24.3 | 0% |
In its most recent public year (2023), this organization brought in $4,078,205 more than it spent. Its reserves stood at about 24.3 months of spending, up from -14 in 2010. 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
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