Margate Terrace Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 92,546 | 10,848 | 81,698 | 916.8 | 0% |
| 2021 | 41,150 | 19,065 | 22,085 | 602.8 | 0% |
| 2022 | 57,691 | 18,638 | 39,053 | 528.0 | 0% |
| 2023 | 32,754 | 15,035 | 17,719 | 687.8 | 0% |
| 2024 | 18,508 | 18,222 | 286 | 611.6 | 0% |
In its most recent public year (2024), this organization brought in $286 more than it spent. Its reserves stood at about 611.6 months of spending, down from 916.8 in 2020. 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 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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