DETROIT SHOREWAY COMMUNITY DEVELOPMENT CORPORATION

DETROIT SHOREWAY COMMUNITY DEVELOPMENT CORPORATION

Cleveland, OH, US
501(c)3
EIN
23-7376130

DETROIT SHOREWAY COMMUNITY DEVELOPMENT CORPORATION

Cleveland, OH, US
501(c)3
EIN
23-7376130

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$2,646,514

Other
45%
Government Grants
23%
Program Services
17%
Contributions
15%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$3,605,975

Other
39%
Salaries & Benefits
35%
Fees to Service Providers
9%
Depreciation
8%
Offices, Occupancy & IT
8%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$657,707
$406,886
-38%
Government Grants
$704,397
$597,801
-15%
Fundraising Events
$0
$0
-
Program Services
$625,217
$440,501
-30%
Membership Dues
$0
$0
-
Investments
$17,836
$18,145
+2%
Other
$1,206,679
$1,183,181
-2%
Total Revenues
$3,211,836
$2,646,514
-18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,589,282
$1,271,497
-20%
Fees to Service Providers
$466,024
$310,847
-33%
Advertising & Promotion
$28,554
$13,277
-54%
Offices, Occupancy & IT
$313,377
$287,937
-8%
Interest
$172,637
$31,622
-82%
Depreciation
$296,621
$289,560
-2%
Other
$3,611,155
$1,401,235
-61%
Total Expenses
$6,477,650
$3,605,975
-44%
Net income
2023
2024
Change
Net income
-$3,265,814
-$959,461
+71%
Functional Expenses
Summary
2023
2024
Change
Program
$5,569,597
$3,058,626
-45%
Admin
$902,977
$544,246
-40%
Fundraising
$5,076
$3,103
-39%
Total Expenses
$6,477,650
$3,605,975
-44%
Income Statement
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