Local Union 420 Building Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 22,920 | 23,385 | −465 | -126.5 | 0% |
| 2021 | 42,756 | 30,537 | 12,219 | -92.1 | 0% |
In its most recent public year (2021), this organization brought in $12,219 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-92.1 months), up from -126.5 in 2020. 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 2021. 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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