EVANGELICAL HOMES OF MICHIGAN
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$30,066,750
Program Services
94%
Other
3%
Government Grants
2%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$31,197,429
Salaries & Benefits
41%
Other
36%
Fees to Service Providers
7%
Depreciation
7%
Interest
6%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$0
$0
-
Government Grants
$537,522
$677,982
+26%
Fundraising Events
$0
$0
-
Program Services
$27,357,660
$28,256,024
+3%
Membership Dues
$0
$0
-
Investments
$267,480
$251,495
-6%
Other
$665,686
$881,249
+32%
Total Revenues
$28,828,348
$30,066,750
+4%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,405,561
$12,824,981
-4%
Fees to Service Providers
$5,410,606
$2,142,943
-60%
Advertising & Promotion
$63,858
$30,294
-53%
Offices, Occupancy & IT
$2,026,504
$1,183,150
-42%
Interest
$1,864,882
$1,766,026
-5%
Depreciation
$2,262,759
$2,065,457
-9%
Other
$7,712,346
$11,184,578
+45%
Total Expenses
$32,746,516
$31,197,429
-5%
Net income
2024
2025
Change
Net income
-$3,918,168
-$1,130,679
+71%
Functional Expenses
Summary
2024
2025
Change
Program
$26,060,005
$27,766,307
+7%
Admin
$6,686,511
$3,431,122
-49%
Fundraising
$0
$0
-
Total Expenses
$32,746,516
$31,197,429
-5%
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