Southside Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,327,824 | 280,574 | 1,047,250 | 44.8 | 59% |
| 2021 | 1,284,130 | 466,005 | 818,125 | 47.8 | 56% |
| 2022 | 12,635,345 | 503,333 | 12,132,012 | 333.0 | 57% |
| 2023 | 23,871,890 | 705,557 | 23,166,333 | 606.2 | 48% |
In its most recent public year (2023), this organization brought in $23,166,333 more than it spent. Its reserves stood at about 606.2 months of spending, up from 44.8 in 2020. Staff pay was 48% of spending. $31,890,605 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 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
Southside Redevelopment Corporation's IRS filings as a feed — one entry per filing year, through 2023. 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