Quinnipiac Valley Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 238,347 | 303,576 | −65,229 | -2.6 | 16% |
| 2021 | 246,613 | 219,862 | 26,751 | -2.1 | 24% |
| 2022 | 314,181 | 382,876 | −68,695 | -6.0 | 17% |
| 2023 | 340,184 | 321,062 | 19,122 | -6.4 | 16% |
In its most recent public year (2023), this organization brought in $19,122 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-6.4 months), down from -2.6 in 2020. 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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