South Shore Neighborhood Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | 359,280 | 82,444 | 276,836 | 40.3 | 73% |
| 2022 | 111,470 | 81,320 | 30,150 | 45.3 | 69% |
| 2023 | 86,243 | 125,911 | −39,668 | 25.5 | 55% |
In its most recent public year (2023), this organization spent $39,668 more than it brought in. Its reserves stood at about 25.5 months of spending. Staff pay was 55% 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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