Elizabeth Development Company of New Jersey
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,192,954
Government Grants
45%
Program Services
30%
Investments
10%
Fundraising Events
7%
Contributions
7%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,841,759
Salaries & Benefits
44%
Other
39%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$25,215
$85,000
+237%
Government Grants
$1,240,000
$541,450
-56%
Fundraising Events
$79,200
$88,900
+12%
Program Services
$531,422
$362,706
-32%
Membership Dues
$0
$0
-
Investments
$231,974
$114,898
-50%
Other
$0
$0
-
Total Revenues
$2,107,811
$1,192,954
-43%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,321,998
$1,259,511
-5%
Fees to Service Providers
$99,669
$271,566
+172%
Advertising & Promotion
$5,751
$1,861
-68%
Offices, Occupancy & IT
$202,463
$149,556
-26%
Interest
$0
$40
-
Depreciation
$20,023
$40,046
+100%
Other
$666,793
$1,119,179
+68%
Total Expenses
$2,316,697
$2,841,759
+23%
Net income
2023
2024
Change
Net income
-$208,886
-$1,648,805
-689%
Functional Expenses
Summary
2023
2024
Change
Program
$1,919,806
$2,585,966
+35%
Admin
$396,891
$255,793
-36%
Fundraising
$0
$0
-
Total Expenses
$2,316,697
$2,841,759
+23%
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