Shore Area Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 417,715 | 134,528 | 283,187 | 174.8 | 0% |
| 2012 | 356,424 | 166,491 | 189,933 | 154.9 | 3% |
| 2013 | 1,152,795 | 1,664,966 | −512,171 | -2.6 | 0% |
| 2014 | 1,226,727 | 1,642,264 | −415,537 | -5.6 | 0% |
| 2015 | 1,435,629 | 1,589,337 | −153,708 | -7.0 | 0% |
| 2016 | 4,651,495 | 3,960,058 | 691,437 | -2.1 | 0% |
| 2017 | 5,021,999 | 3,907,516 | 1,114,483 | 1.5 | 0% |
| 2018 | 2,827,747 | 4,063,363 | −1,235,616 | -2.2 | 0% |
| 2019 | 2,510,921 | 3,914,320 | −1,403,399 | -6.6 | 0% |
| 2020 | 3,641,809 | 4,079,515 | −437,706 | -7.6 | 0% |
| 2021 | 2,914,306 | 4,581,006 | −1,666,700 | -8.9 | 0% |
| 2022 | 3,387,286 | 4,590,306 | −1,203,020 | -12.0 | 0% |
| 2023 | 3,875,201 | 5,037,600 | −1,162,399 | -13.7 | 0% |
In its most recent public year (2023), this organization spent $1,162,399 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.7 months), down from 174.8 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 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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