SOMERVILLE HOMELESS COALITION, INC. (EIN 04-2897447) - Income Statement, 990 Financials

SOMERVILLE HOMELESS COALITION, INC.

SOMERVILLE, MA, US

•

a.k.a SHC

•

501(c)(3)

•

EIN

04-2897447

•

WWW.SOMERVILLEHOMELESSCOALITION.ORG

•

Women Led

LGBTQ+ Led

SOMERVILLE HOMELESS COALITION, INC.

SOMERVILLE, MA, US

•

a.k.a SHC

•

501(c)(3)

•

EIN

04-2897447

•

WWW.SOMERVILLEHOMELESSCOALITION.ORG

•

Women Led

LGBTQ+ Led

Overview

Programs

990s

Income Statement

Balance Sheet

People

Board & Team

Financials

Financial Trends

Funding

Funders

Grants Received

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Income Statement

Fiscal Year Start:

Jul 1

Revenues in 2024

$8,416,876

Government Grants

74%

Contributions

20%

Other

Program Services

Investments

Fundraising Events

Membership Dues

Expenses in 2024

$7,595,612

Other

36%

Salaries & Benefits

33%

Offices, Occupancy & IT

25%

Fees to Service Providers

Depreciation

<1%

Interest

<1%

Grants

Benefits to Members

Advertising & Promotion

Revenues

2023

2024

Change

Contributions

$1,915,054

$1,710,982

-11%

Government Grants

$4,923,798

$6,260,463

+27%

Fundraising Events

Program Services

$141,796

$157,750

+11%

Membership Dues

Investments

$31,430

$115,336

+267%

Other

$148,490

$172,345

+16%

Total Revenues

$7,160,568

$8,416,876

+18%

Expenses

2023

2024

Change

Grants

Benefits to Members

Salaries & Benefits

$1,974,054

$2,522,220

+28%

Fees to Service Providers

$373,813

$435,522

+17%

Advertising & Promotion

Offices, Occupancy & IT

$1,780,686

$1,904,126

+7%

Interest

$1,566

$33

-98%

Depreciation

$9,300

+0%

Other

$2,312,980

$2,724,411

+18%

Total Expenses

$6,452,399

$7,595,612

+18%

Net income

2023

2024

Change

Net income

+$708,169

+$821,264

+16%

Functional Expenses

Summary

2023

2024

Change

Program

$5,775,846

$6,862,686

+19%

Admin

$445,476

$475,774

+7%

Fundraising

$231,077

$257,152

+11%

Total Expenses

$6,452,399

$7,595,612

+18%