New Hope Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 529,638 | 374,025 | 155,613 | 33.1 | 7% |
| 2021 | 496,404 | 363,161 | 133,243 | 38.6 | 11% |
| 2022 | 380,551 | 446,037 | −65,486 | 31.1 | 9% |
| 2023 | 665,504 | 493,992 | 171,512 | 32.2 | 0% |
In its most recent public year (2023), this organization brought in $171,512 more than it spent. Its reserves stood at about 32.2 months of spending. 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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