Norwich Community Development Corporatio

Norwich Community Development Corporatio

Norwich, CT, US
501(c)3
EIN
06-1066148

Norwich Community Development Corporatio

Norwich, CT, US
501(c)3
EIN
06-1066148

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$1,564,391

Government Grants
72%
Contributions
22%
Investments
6%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$1,581,716

Other
58%
Salaries & Benefits
21%
Offices, Occupancy & IT
16%
Fees to Service Providers
5%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$5,581,772
$343,922
-94%
Government Grants
$854,949
$1,132,082
+32%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$326
$88,387
+27013%
Other
$0
$0
-
Total Revenues
$6,437,047
$1,564,391
-76%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$285,531
$327,163
+15%
Fees to Service Providers
$30,439
$83,916
+176%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$254,559
$245,722
-3%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$5,141,851
$924,915
-82%
Total Expenses
$5,712,380
$1,581,716
-72%
Net income
2023
2024
Change
Net income
+$724,667
-$17,325
-102%
Functional Expenses
Summary
2023
2024
Change
Program
$5,681,941
$1,581,716
-72%
Admin
$30,439
$0
-100%
Fundraising
$0
$0
-
Total Expenses
$5,712,380
$1,581,716
-72%
Income Statement
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