MONARCH HOUSING ASSOCIATES INC
MONARCH HOUSING ASSOCIATES INC
MONARCH HOUSING ASSOCIATES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,529,419
Government Grants
58%
Program Services
39%
Contributions
3%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$2,454,703
Salaries & Benefits
75%
Fees to Service Providers
11%
Other
10%
Offices, Occupancy & IT
2%
Interest
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$84,650
$118,431
+40%
Government Grants
$1,102,449
$2,632,200
+139%
Fundraising Events
$0
$0
-
Program Services
$1,710,856
$1,778,788
+4%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$2,897,955
$4,529,419
+56%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,253,538
$1,844,732
+47%
Fees to Service Providers
$0
$262,788
-
Advertising & Promotion
$4,611
$6,923
+50%
Offices, Occupancy & IT
$144,219
$59,074
-59%
Interest
$22,496
$20,274
-10%
Depreciation
$15,828
$16,031
+1%
Other
$510,415
$244,881
-52%
Total Expenses
$1,951,107
$2,454,703
+26%
Net income
2023
2024
Change
Net income
+$946,848
+$2,074,716
+119%
Functional Expenses
Summary
2023
2024
Change
Program
$1,606,965
$2,031,042
+26%
Admin
$294,216
$318,072
+8%
Fundraising
$49,926
$105,589
+111%
Total Expenses
$1,951,107
$2,454,703
+26%
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