Panola Heights Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 327,039 | 430,500 | −103,461 | -29.6 | 17% |
| 2012 | 337,741 | 428,375 | −90,634 | -32.3 | 18% |
| 2013 | 337,525 | 420,357 | −82,832 | -35.3 | 18% |
| 2014 | 344,119 | 412,873 | −68,754 | -24.5 | 19% |
| 2015 | 348,720 | 413,359 | −64,639 | -26.3 | 20% |
| 2021 | 378,097 | 465,329 | −87,232 | -32.8 | 0% |
| 2022 | 375,525 | 458,282 | −82,757 | -35.5 | 0% |
In its most recent public year (2022), this organization spent $82,757 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-35.5 months), down from -29.6 in 2011. 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 2022. 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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