Neighborhood Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 157,349 | 149,132 | 8,217 | 3.7 | 0% |
| 2012 | 386,731 | 381,108 | 5,623 | 1.6 | 14% |
| 2013 | 488,197 | 431,262 | 56,935 | 3.0 | 14% |
| 2014 | 842,477 | 819,359 | 23,118 | 1.9 | 6% |
| 2015 | 545,673 | 535,363 | 10,310 | 3.2 | 4% |
| 2016 | 606,922 | 634,760 | −27,838 | 2.1 | 27% |
| 2017 | 307,939 | 341,375 | −33,436 | 2.8 | 18% |
| 2018 | 201,720 | 290,506 | −88,786 | 0.9 | 47% |
| 2019 | 180,438 | 292,495 | −112,057 | -2.5 | 53% |
| 2020 | 212,202 | 424,304 | −212,102 | -7.7 | 30% |
| 2021 | 9,339 | 25,812 | −16,473 | -134.5 | 42% |
| 2022 | 249,787 | 3,321 | 246,466 | -155.1 | 87% |
| 2023 | 775 | 57,387 | −56,612 | -20.8 | — |
In its most recent public year (2023), this organization spent $56,612 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.8 months), down from 3.7 in 2011.
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
Neighborhood Economic Development 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