City Heights Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,459,373 | 1,577,467 | −118,094 | 32.1 | 51% |
| 2021 | 2,523,725 | 1,987,583 | 536,142 | 29.8 | 44% |
| 2022 | 3,168,178 | 2,951,991 | 216,187 | 19.5 | 43% |
| 2023 | 3,570,483 | 4,052,778 | −482,295 | 13.1 | 34% |
In its most recent public year (2023), this organization spent $482,295 more than it brought in. Its reserves stood at about 13.1 months of spending, down from 32.1 in 2020. Staff pay was 34% of spending. $286,161 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
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