MINNESOTA HOME OWNERSHIP CENTER
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$5,021,832
Contributions
N/A
Government Grants
N/A
Investments
N/A
Program Services
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$4,279,245
Other
36%
Salaries & Benefits
32%
Grants
14%
Fees to Service Providers
13%
Offices, Occupancy & IT
2%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,483,119
$3,412,400
+130%
Government Grants
$1,400,592
$1,226,782
-12%
Fundraising Events
$0
$0
-
Program Services
$206,473
$203,883
-1%
Membership Dues
$0
$0
-
Investments
$398,778
$477,363
+20%
Other
-$63,213
-$298,596
+372%
Total Revenues
$3,425,749
$5,021,832
+47%
Expenses
2023
2024
Change
Grants
$635,000
$585,000
-8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,146,711
$1,389,639
+21%
Fees to Service Providers
$449,988
$571,854
+27%
Advertising & Promotion
$15,555
$27,073
+74%
Offices, Occupancy & IT
$102,305
$99,654
-3%
Interest
$0
$0
-
Depreciation
$57,759
$46,090
-20%
Other
$1,532,242
$1,559,935
+2%
Total Expenses
$3,939,560
$4,279,245
+9%
Net income
2023
2024
Change
Net income
-$513,811
+$742,587
-245%
Functional Expenses
Summary
2023
2024
Change
Program
$3,130,963
$3,381,448
+8%
Admin
$780,889
$858,234
+10%
Fundraising
$27,708
$39,563
+43%
Total Expenses
$3,939,560
$4,279,245
+9%
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