HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR

HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR

Scarborough, ME, US
501(c)(3)
EIN
22-3100803

HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR

Scarborough, ME, US
501(c)(3)
EIN
22-3100803

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$6,184,582

Program Services
39%
Investments
35%
Other
16%
Government Grants
10%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$2,887,809

Salaries & Benefits
54%
Other
22%
Depreciation
15%
Interest
4%
Fees to Service Providers
4%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$939,755
$598,219
-36%
Fundraising Events
$0
$0
-
Program Services
$9,219,170
$2,422,346
-74%
Membership Dues
$0
$0
-
Investments
$1,936,836
$2,171,298
+12%
Other
$18,460,682
$992,719
-95%
Total Revenues
$30,556,443
$6,184,582
-80%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,246,724
$1,554,603
+25%
Fees to Service Providers
$378,194
$108,478
-71%
Advertising & Promotion
$62
$64
+3%
Offices, Occupancy & IT
$92,516
$40,525
-56%
Interest
$225,083
$128,585
-43%
Depreciation
$416,613
$418,864
+1%
Other
$838,500
$636,690
-24%
Total Expenses
$3,197,692
$2,887,809
-10%
Net income
2023
2024
Change
Net income
+$27,358,751
+$3,296,773
-88%
Functional Expenses
Summary
2023
2024
Change
Program
$1,414,042
$1,087,335
-23%
Admin
$1,783,650
$1,800,474
+1%
Fundraising
$0
$0
-
Total Expenses
$3,197,692
$2,887,809
-10%
Income Statement
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