Southwestern Urban Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 32,603 | 33,177 | −574 | 65.0 | — |
| 2021 | 24,412 | 33,934 | −9,522 | 60.2 | — |
| 2022 | 39,316 | 33,339 | 5,977 | 63.4 | — |
| 2023 | 21,738 | 44,090 | −22,352 | 41.8 | — |
In its most recent public year (2023), this organization spent $22,352 more than it brought in. Its reserves stood at about 41.8 months of spending, down from 65 in 2020.
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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