Wayne County Regional Land Bank Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 250,000 | 5,933 | 244,067 | 493.6 | 0% |
| 2019 | 1,412,229 | 107,472 | 1,304,757 | 172.9 | 47% |
| 2020 | 482,510 | 564,742 | −82,232 | 31.2 | 12% |
| 2021 | 740,188 | 641,726 | 98,462 | 29.3 | 10% |
| 2022 | 1,023,318 | 404,828 | 618,490 | 64.7 | 17% |
| 2023 | 1,473,478 | 819,426 | 654,052 | 41.6 | 16% |
In its most recent public year (2023), this organization brought in $654,052 more than it spent. Its reserves stood at about 41.6 months of spending, down from 493.6 in 2018. Staff pay was 16% 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 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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