Midtown Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 225,664 | 146,126 | 79,538 | 18.0 | 0% |
| 2018 | 287,275 | 463,173 | −175,898 | 1.2 | 0% |
| 2019 | 89,715 | 87,861 | 1,854 | 6.4 | 0% |
| 2020 | 128,192 | 124,678 | 3,514 | 4.8 | — |
| 2021 | 179,025 | 182,057 | −3,032 | 3.1 | — |
| 2022 | 215,863 | 202,055 | 13,808 | 3.6 | 0% |
| 2023 | 271,749 | 232,067 | 39,682 | 5.2 | 0% |
In its most recent public year (2023), this organization brought in $39,682 more than it spent. Its reserves stood at about 5.2 months of spending, down from 18 in 2017. 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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