Income Statement

Fiscal Year: 2024
Revenues in 2024
$37,866,136
Investments
67%
Other
33%
Program Services
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,036,675
Interest
61%
Other
27%
Fees to Service Providers
5%
Salaries & Benefits
5%
Offices, Occupancy & IT
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$18,000
$24,000
+33%
Membership Dues
$0
$0
-
Investments
$24,128,897
$25,531,336
+6%
Other
-$1,832,188
$12,310,800
-772%
Total Revenues
$22,314,709
$37,866,136
+70%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$677,283
$592,720
-12%
Fees to Service Providers
$625,126
$652,356
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$301,478
$217,363
-28%
Interest
$8,202,924
$7,989,433
-3%
Depreciation
$8,885
$8,395
-6%
Other
$2,855,915
$3,576,408
+25%
Total Expenses
$12,671,611
$13,036,675
+3%
Net income
2023
2024
Change
Net income
+$9,643,098
+$24,829,461
+157%
Functional Expenses
Summary
2023
2024
Change
Program
$2,885,090
$147,441
-95%
Admin
$9,786,521
$12,889,234
+32%
Fundraising
$0
$0
-
Total Expenses
$12,671,611
$13,036,675
+3%