South Eastern North Carolina Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 40,451 | 87,765 | −47,314 | -2.7 | 0% |
| 2011 | 175,800 | 142,065 | 33,735 | 1.2 | 0% |
| 2012 | 296,424 | 203,821 | 92,603 | 6.3 | 0% |
| 2013 | 493,484 | 258,022 | 235,462 | 15.9 | 0% |
| 2014 | 107,589 | 220,580 | −112,991 | 12.4 | 0% |
| 2015 | 238,104 | 249,808 | −11,704 | 10.4 | 0% |
| 2016 | 122,928 | 317,847 | −194,919 | 0.8 | 0% |
| 2017 | 162,294 | 307,534 | −145,240 | -4.8 | 0% |
| 2018 | 153,859 | 296,914 | −143,055 | -10.8 | 0% |
| 2019 | 360,959 | 490,040 | −129,081 | -9.7 | 0% |
| 2020 | 189,457 | 450,517 | −261,060 | -17.5 | 0% |
| 2021 | 307,040 | 486,042 | −179,002 | -20.6 | 0% |
| 2022 | 626,800 | 531,041 | 95,759 | -16.7 | 0% |
| 2023 | 383,177 | 1,315,125 | −931,948 | -15.3 | 0% |
In its most recent public year (2023), this organization spent $931,948 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-15.3 months), down from -2.7 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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