MIDPEN HOUSING CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$55,417,692
Program Services
39%
Other
33%
Government Grants
17%
Investments
11%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$33,550,567
Salaries & Benefits
57%
Other
19%
Offices, Occupancy & IT
10%
Grants
9%
Fees to Service Providers
2%
Depreciation
1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$153,792
$245,428
+60%
Government Grants
$13,197,662
$9,210,413
-30%
Fundraising Events
$0
$0
-
Program Services
$25,271,670
$21,472,229
-15%
Membership Dues
$0
$0
-
Investments
$5,551,444
$6,225,190
+12%
Other
$11,523,015
$18,264,432
+59%
Total Revenues
$55,697,583
$55,417,692
-1%
Expenses
2023
2024
Change
Grants
$7,693,909
$3,180,356
-59%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,139,450
$19,188,915
+0%
Fees to Service Providers
$2,310,106
$748,365
-68%
Advertising & Promotion
$78,109
$93,066
+19%
Offices, Occupancy & IT
$3,370,939
$3,340,763
-1%
Interest
$133,364
$256,375
+92%
Depreciation
$502,785
$434,344
-14%
Other
$3,237,666
$6,308,383
+95%
Total Expenses
$36,466,328
$33,550,567
-8%
Net income
2023
2024
Change
Net income
+$19,231,255
+$21,867,125
+14%
Functional Expenses
Summary
2023
2024
Change
Program
$26,060,447
$22,509,700
-14%
Admin
$10,405,881
$11,040,867
+6%
Fundraising
$0
$0
-
Total Expenses
$36,466,328
$33,550,567
-8%
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