DOWNTOWN DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,853,066
Program Services
71%
Contributions
27%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,872,864
Fees to Service Providers
56%
Other
28%
Offices, Occupancy & IT
9%
Grants
4%
Advertising & Promotion
2%
Depreciation
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$598,500
$500,085
-16%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,257,286
$1,315,885
+5%
Membership Dues
$0
$0
-
Investments
$11,485
$37,096
+223%
Other
$0
$0
-
Total Revenues
$1,867,271
$1,853,066
-1%
Expenses
2023
2024
Change
Grants
$55,625
$78,625
+41%
Benefits to Members
$0
$0
-
Salaries & Benefits
$585,303
$0
-100%
Fees to Service Providers
$608,431
$1,054,526
+73%
Advertising & Promotion
$165,810
$40,488
-76%
Offices, Occupancy & IT
$146,031
$167,538
+15%
Interest
$0
$0
-
Depreciation
$9,379
$12,686
+35%
Other
$391,576
$519,001
+33%
Total Expenses
$1,962,155
$1,872,864
-5%
Net income
2023
2024
Change
Net income
-$94,884
-$19,798
+79%
Functional Expenses
Summary
2023
2024
Change
Program
$1,670,246
$1,585,664
-5%
Admin
$270,657
$264,907
-2%
Fundraising
$21,252
$22,293
+5%
Total Expenses
$1,962,155
$1,872,864
-5%
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