Midland Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 793,686 | 449,966 | 343,720 | 43.8 | 50% |
| 2021 | 2,295,541 | 467,624 | 1,827,917 | 87.2 | 50% |
| 2022 | 884,825 | 481,554 | 403,271 | 97.8 | 50% |
| 2023 | 784,854 | 466,489 | 318,365 | 109.2 | 38% |
In its most recent public year (2023), this organization brought in $318,365 more than it spent. Its reserves stood at about 109.2 months of spending, up from 43.8 in 2020. Staff pay was 38% of spending. $1,290,941 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
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