Lake County Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,268,505 | 2,092,049 | 176,456 | 17.2 | 41% |
| 2022 | 2,376,944 | 2,122,157 | 254,787 | 18.4 | 40% |
| 2023 | 2,727,876 | 2,212,835 | 515,041 | 20.4 | 38% |
| 2024 | 2,442,320 | 2,094,049 | 348,271 | 23.6 | 36% |
In its most recent public year (2024), this organization brought in $348,271 more than it spent. Its reserves stood at about 23.6 months of spending, up from 17.2 in 2021. Staff pay was 36% of spending. $77,511 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 2024. 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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