Hartford Land Bank Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 117,453 | 163,810 | −46,357 | 3.8 | 31% |
| 2021 | 541,095 | 214,371 | 326,724 | 21.2 | 59% |
| 2022 | 557,796 | 532,215 | 25,581 | 9.1 | 34% |
| 2023 | 1,903,300 | 683,876 | 1,219,424 | 28.5 | 29% |
In its most recent public year (2023), this organization brought in $1,219,424 more than it spent. Its reserves stood at about 28.5 months of spending, up from 3.8 in 2020. Staff pay was 29% of spending. $300,000 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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