Hampton Roads Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 43,042 | 216,860 | −173,818 | -43.5 | — |
| 2011 | 4,221,767 | 374,119 | 3,847,648 | 98.2 | 33% |
| 2012 | 121,727 | 299,219 | −177,492 | 115.7 | 44% |
| 2013 | 494,354 | 582,191 | −87,837 | 57.6 | 21% |
| 2014 | 576,751 | 760,686 | −183,935 | 41.2 | 17% |
| 2015 | 105,166 | 337,751 | −232,585 | 84.6 | 39% |
| 2016 | 116,757 | 327,773 | −211,016 | 79.4 | 39% |
| 2017 | 208,283 | 317,423 | −109,140 | 77.9 | 38% |
| 2018 | 167,776 | 302,013 | −134,237 | 76.5 | 40% |
| 2019 | 151,791 | 313,357 | −161,566 | 67.6 | 38% |
| 2020 | 197,616 | 315,585 | −117,969 | 62.6 | 38% |
| 2021 | 153,577 | 320,658 | −167,081 | 55.4 | 37% |
| 2022 | 110,120 | 314,279 | −204,159 | 48.7 | 42% |
| 2023 | 134,261 | 264,649 | −130,388 | 55.2 | 41% |
In its most recent public year (2023), this organization spent $130,388 more than it brought in. Its reserves stood at about 55.2 months of spending, up from -43.5 in 2010. Staff pay was 41% 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
Hampton Roads 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