Initiating Change In Our Neighborhoods Community Dev Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 444,825 | 414,952 | 29,873 | 1.1 | 53% |
| 2012 | 418,684 | 417,750 | 934 | 1.1 | 50% |
| 2013 | 585,048 | 626,050 | −41,002 | 2.0 | 31% |
| 2014 | 556,321 | 550,354 | 5,967 | 2.4 | 48% |
| 2015 | 656,998 | 616,038 | 40,960 | 2.9 | 49% |
| 2016 | 583,374 | 607,942 | −24,568 | 2.5 | 49% |
| 2017 | 587,649 | 620,664 | −33,015 | 1.7 | 53% |
| 2018 | 625,375 | 543,006 | 82,369 | 3.8 | 50% |
| 2019 | 467,664 | 511,769 | −44,105 | 3.3 | 52% |
| 2020 | 916,644 | 889,180 | 27,464 | 2.1 | 49% |
| 2021 | 1,073,531 | 1,033,867 | 39,664 | 3.8 | 58% |
| 2022 | 1,420,637 | 1,390,255 | 30,382 | 3.1 | 57% |
| 2023 | 4,036,369 | 1,739,054 | 2,297,315 | 18.3 | 54% |
In its most recent public year (2023), this organization brought in $2,297,315 more than it spent. Its reserves stood at about 18.3 months of spending, up from 1.1 in 2011. Staff pay was 54% 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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