NIAGARA LUTHERAN DEVELOPMENT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$24,687,209
Program Services
98%
Investments
<1%
Other
<1%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$26,506,429
Salaries & Benefits
62%
Other
25%
Fees to Service Providers
5%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$46,814
$31,511
-33%
Fundraising Events
$0
$0
-
Program Services
$24,699,398
$24,302,197
-2%
Membership Dues
$0
$0
-
Investments
$114,407
$180,041
+57%
Other
$78,217
$173,460
+122%
Total Revenues
$24,938,836
$24,687,209
-1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,714,398
$16,343,601
+11%
Fees to Service Providers
$3,077,950
$1,387,174
-55%
Advertising & Promotion
$3,157
$3,052
-3%
Offices, Occupancy & IT
$368,251
$925,301
+151%
Interest
$203,400
$171,875
-15%
Depreciation
$1,007,776
$1,055,194
+5%
Other
$7,244,647
$6,620,232
-9%
Total Expenses
$26,619,579
$26,506,429
0%
Net income
2023
2024
Change
Net income
-$1,680,743
-$1,819,220
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$23,446,111
$19,973,047
-15%
Admin
$3,173,468
$6,533,382
+106%
Fundraising
$0
$0
-
Total Expenses
$26,619,579
$26,506,429
0%
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