Naugatuck Valley Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,024,493 | 886,124 | 138,369 | 34.2 | 3% |
| 2012 | 166,073 | 238,276 | −72,203 | 124.5 | 10% |
| 2013 | 236,387 | 176,954 | 59,433 | 179.6 | 8% |
| 2014 | 454,134 | 394,683 | 59,451 | 87.5 | 1% |
| 2015 | 300,283 | 384,659 | −84,376 | 84.9 | 1% |
| 2016 | 122,493 | 109,601 | 12,892 | 296.7 | 0% |
| 2017 | −709 | 177,452 | −178,161 | 175.4 | 0% |
| 2018 | −21,861 | 397,027 | −418,888 | 64.4 | 0% |
| 2019 | −42,552 | 133,058 | −175,610 | 174.3 | 4% |
| 2020 | −20,890 | 89,761 | −110,651 | 237.2 | 5% |
| 2021 | 33,511 | 216,796 | −183,285 | 97.9 | 57% |
| 2022 | 194,925 | 256,899 | −61,974 | 71.4 | 61% |
In its most recent public year (2022), this organization spent $61,974 more than it brought in. Its reserves stood at about 71.4 months of spending, up from 34.2 in 2011. Staff pay was 61% 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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