1010 Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 337,360 | 306,179 | 31,181 | 28.4 | 66% |
| 2021 | 756,510 | 427,982 | 328,528 | 29.5 | 57% |
| 2022 | 2,131,787 | 873,594 | 1,258,193 | 20.5 | 33% |
| 2023 | 25,372 | 531,314 | −505,942 | 22.3 | 55% |
In its most recent public year (2023), this organization spent $505,942 more than it brought in. Its reserves stood at about 22.3 months of spending, down from 28.4 in 2020. Staff pay was 55% 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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