HOMESTEAD COMMUNITY DEVELOPMENT CORP
Income Statement
Fiscal Year Start:
Nov 1
Revenues in 2024
$2,719,395
Program Services
37%
Government Grants
37%
Other
14%
Contributions
13%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$2,196,811
Salaries & Benefits
30%
Other
17%
Fees to Service Providers
15%
Offices, Occupancy & IT
11%
Depreciation
10%
Interest
9%
Grants
8%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$625,138
$356,155
-43%
Government Grants
$237,730
$996,917
+319%
Fundraising Events
$0
$0
-
Program Services
$1,179,362
$998,520
-15%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$77,835
$367,803
+373%
Total Revenues
$2,120,065
$2,719,395
+28%
Expenses
2023
2024
Change
Grants
$71,773
$178,335
+148%
Benefits to Members
$0
$0
-
Salaries & Benefits
$458,526
$661,156
+44%
Fees to Service Providers
$312,755
$336,897
+8%
Advertising & Promotion
$8,563
$1,039
-88%
Offices, Occupancy & IT
$135,029
$232,586
+72%
Interest
$107,750
$198,669
+84%
Depreciation
$134,462
$214,198
+59%
Other
$328,486
$373,931
+14%
Total Expenses
$1,557,344
$2,196,811
+41%
Net income
2023
2024
Change
Net income
+$562,721
+$522,584
-7%
Functional Expenses
Summary
2023
2024
Change
Program
$1,286,558
$1,901,291
+48%
Admin
$268,164
$290,536
+8%
Fundraising
$2,622
$4,984
+90%
Total Expenses
$1,557,344
$2,196,811
+41%
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