Richmond Heights Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 7,814 | 114,472 | −106,658 | 19.4 | — |
| 2022 | 133,131 | 131,661 | 1,470 | 17.0 | — |
| 2023 | 177,005 | 126,372 | 50,633 | 22.5 | — |
| 2024 | 124,679 | 109,298 | 15,381 | 27.7 | — |
In its most recent public year (2024), this organization brought in $15,381 more than it spent. Its reserves stood at about 27.7 months of spending, up from 19.4 in 2021.
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 2024. 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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