NEW DESTINY HOUSING CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,789,755
Government Grants
76%
Contributions
13%
Program Services
7%
Investments
2%
Fundraising Events
1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$10,731,611
Salaries & Benefits
57%
Grants
27%
Offices, Occupancy & IT
6%
Fees to Service Providers
6%
Other
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,071,760
$1,427,676
+33%
Government Grants
$7,171,711
$8,230,997
+15%
Fundraising Events
$137,981
$121,992
-12%
Program Services
$2,321,441
$750,336
-68%
Membership Dues
$0
$0
-
Investments
$110,850
$192,156
+73%
Other
-$30,886
$66,598
-316%
Total Revenues
$10,782,857
$10,789,755
+0%
Expenses
2023
2024
Change
Grants
$2,819,480
$2,902,916
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,933,948
$6,164,779
+4%
Fees to Service Providers
$484,777
$618,667
+28%
Advertising & Promotion
$11,827
$4,210
-64%
Offices, Occupancy & IT
$639,998
$677,650
+6%
Interest
$0
$0
-
Depreciation
$15,985
$29,373
+84%
Other
$305,438
$334,016
+9%
Total Expenses
$10,211,453
$10,731,611
+5%
Net income
2023
2024
Change
Net income
+$571,404
+$58,144
-90%
Functional Expenses
Summary
2023
2024
Change
Program
$9,095,594
$9,502,232
+4%
Admin
$771,368
$1,032,673
+34%
Fundraising
$344,491
$196,706
-43%
Total Expenses
$10,211,453
$10,731,611
+5%
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