Virginia Beach Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,204,102 | 4,278,795 | −74,693 | 42.4 | 26% |
| 2012 | 4,953,543 | 4,838,787 | 114,756 | 37.7 | 25% |
| 2013 | 4,546,849 | 4,519,985 | 26,864 | 40.5 | 26% |
| 2014 | 4,880,013 | 5,349,616 | −469,603 | 33.1 | 27% |
| 2015 | 5,664,088 | 5,988,456 | −324,368 | 29.0 | 26% |
| 2016 | 5,311,988 | 6,662,769 | −1,350,781 | 23.6 | 20% |
| 2017 | 5,220,845 | 6,297,645 | −1,076,800 | 22.9 | 24% |
| 2018 | 5,559,154 | 6,470,604 | −911,450 | 20.6 | 21% |
| 2019 | 5,283,250 | 6,079,641 | −796,391 | 20.4 | 22% |
| 2020 | 5,509,223 | 6,165,812 | −656,589 | 18.8 | 20% |
| 2021 | 8,715,709 | 7,335,260 | 1,380,449 | 24.7 | 18% |
| 2022 | 7,614,457 | 7,404,821 | 209,636 | 24.6 | 22% |
| 2023 | 7,936,723 | 7,809,624 | 127,099 | 23.4 | 23% |
In its most recent public year (2023), this organization brought in $127,099 more than it spent. Its reserves stood at about 23.4 months of spending, down from 42.4 in 2011. Staff pay was 23% of spending. $32,347 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
Virginia Beach Community 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