Seminary Avenue Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 288,818 | 423,214 | −134,396 | -38.7 | 15% |
| 2012 | 242,705 | 478,663 | −235,958 | -40.2 | 15% |
| 2013 | 345,277 | 502,010 | −156,733 | -42.0 | 16% |
| 2014 | 346,343 | 555,380 | −209,037 | -42.5 | 19% |
| 2015 | 340,127 | 522,860 | −182,733 | -49.4 | 9% |
| 2016 | 361,217 | 481,506 | −120,289 | -56.6 | 10% |
| 2017 | 510,199 | 586,198 | −75,999 | -48.0 | 8% |
| 2018 | 544,865 | 578,904 | −34,039 | -49.4 | 11% |
| 2019 | 570,411 | 627,400 | −56,989 | -46.6 | 12% |
| 2020 | 616,486 | 604,452 | 12,034 | -48.2 | 11% |
| 2021 | 640,388 | 637,413 | 2,975 | -45.6 | 11% |
| 2022 | 704,021 | 703,978 | 43 | -41.3 | 11% |
| 2023 | 680,560 | 717,569 | −37,009 | -41.1 | 10% |
In its most recent public year (2023), this organization spent $37,009 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-41.1 months), down from -38.7 in 2011. Staff pay was 10% 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
Seminary Avenue 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