Richmond Community-Owned Development Enterprise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 869,635 | 200,963 | 668,672 | 39.9 | 58% |
| 2021 | 945,837 | 449,716 | 496,121 | 31.1 | 56% |
| 2022 | 1,336,713 | 634,894 | 701,819 | 35.3 | 66% |
| 2023 | 1,559,361 | 808,942 | 750,419 | 38.8 | 33% |
In its most recent public year (2023), this organization brought in $750,419 more than it spent. Its reserves stood at about 38.8 months of spending, down from 39.9 in 2020. Staff pay was 33% 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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