Regional Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,066,377 | 1,614,710 | −548,333 | 0.2 | 22% |
| 2012 | 2,474,671 | 2,262,721 | 211,950 | 1.3 | 15% |
| 2013 | 2,233,605 | 2,245,451 | −11,846 | 1.2 | 15% |
| 2014 | 2,195,062 | 2,158,784 | 36,278 | 1.5 | 20% |
| 2015 | 2,131,658 | 1,867,526 | 264,132 | 3.4 | 22% |
| 2016 | 1,911,023 | 1,788,799 | 122,224 | 4.4 | 26% |
| 2017 | 1,310,500 | 1,256,368 | 54,132 | 6.7 | 27% |
| 2018 | 871,330 | 976,553 | −105,223 | 7.4 | 30% |
| 2019 | 1,192,849 | 665,060 | 527,789 | 20.3 | 41% |
| 2020 | 863,313 | 906,577 | −43,264 | 14.3 | 37% |
| 2021 | 1,062,128 | 926,377 | 135,751 | 15.8 | 34% |
| 2022 | 1,038,194 | 866,402 | 171,792 | 19.3 | 38% |
| 2023 | 1,065,040 | 1,082,411 | −17,371 | 15.2 | 26% |
In its most recent public year (2023), this organization spent $17,371 more than it brought in. Its reserves stood at about 15.2 months of spending, up from 0.2 in 2011. Staff pay was 26% of spending. $842,046 of its net assets are donor-restricted.
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
Regional Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works