NEW LONDON HOMELESS HOSPITALITY CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,876,900
Government Grants
77%
Contributions
17%
Program Services
6%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,385,413
Salaries & Benefits
65%
Other
15%
Offices, Occupancy & IT
10%
Fees to Service Providers
6%
Depreciation
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$876,152
$981,003
+12%
Government Grants
$3,340,727
$4,498,474
+35%
Fundraising Events
$0
$0
-
Program Services
$262,693
$325,182
+24%
Membership Dues
$0
$0
-
Investments
$9,872
$27,263
+176%
Other
$0
$44,978
-
Total Revenues
$4,489,444
$5,876,900
+31%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,698,301
$2,860,919
+6%
Fees to Service Providers
$151,610
$269,074
+77%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$168,994
$451,620
+167%
Interest
$20,966
$18,616
-11%
Depreciation
$123,625
$115,545
-7%
Other
$908,449
$669,639
-26%
Total Expenses
$4,071,945
$4,385,413
+8%
Net income
2023
2024
Change
Net income
+$417,499
+$1,491,487
+257%
Functional Expenses
Summary
2023
2024
Change
Program
$3,406,606
$3,758,559
+10%
Admin
$590,437
$547,054
-7%
Fundraising
$74,902
$79,800
+7%
Total Expenses
$4,071,945
$4,385,413
+8%
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