New Hill Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 591,889 | 510,035 | 81,854 | 1.8 | 10% |
| 2020 | 122,398 | 137,138 | −14,740 | 5.5 | 17% |
| 2021 | 246,970 | 266,103 | −19,133 | 2.0 | 6% |
| 2022 | 455,152 | 457,052 | −1,900 | 1.1 | 7% |
In its most recent public year (2022), this organization spent $1,900 more than it brought in. Its reserves stood at about 1.1 months of spending. Staff pay was 7% of spending. $30,000 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 2022. 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
New Hill Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works