DETROIT HISPANIC DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Oct 1
Data visualization unavailable
Revenues in 2024
$4,224,714
Contributions
N/A
Government Grants
N/A
Fundraising Events
N/A
Program Services
N/A
Membership Dues
N/A
Investments
N/A
Expenses in 2024
$3,941,231
Salaries & Benefits
59%
Grants
14%
Fees to Service Providers
11%
Other
11%
Depreciation
3%
Offices, Occupancy & IT
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,465,277
$3,038,521
+23%
Government Grants
$762,001
$1,092,242
+43%
Fundraising Events
$12,480
$89,633
+618%
Program Services
$35,341
$44,514
+26%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
-$340
-$40,196
+11722%
Total Revenues
$3,274,759
$4,224,714
+29%
Expenses
2023
2024
Change
Grants
$311,654
$536,200
+72%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,227,148
$2,340,198
+5%
Fees to Service Providers
$369,614
$436,432
+18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$66,352
$73,811
+11%
Interest
$25,395
$18,199
-28%
Depreciation
$116,282
$100,282
-14%
Other
$548,517
$436,109
-20%
Total Expenses
$3,664,962
$3,941,231
+8%
Net income
2023
2024
Change
Net income
-$390,203
+$283,483
-173%
Functional Expenses
Summary
2023
2024
Change
Program
$2,946,631
$3,310,130
+12%
Admin
$585,951
$512,699
-13%
Fundraising
$132,380
$118,402
-11%
Total Expenses
$3,664,962
$3,941,231
+8%
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