GREATER MINNESOTA HOUSING FUND
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$40,328,548
Contributions
N/A
Program Services
N/A
Government Grants
N/A
Investments
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$17,741,215
Salaries & Benefits
33%
Other
21%
Interest
18%
Fees to Service Providers
15%
Grants
11%
Offices, Occupancy & IT
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$5,674,955
$19,029,101
+235%
Government Grants
$7,640,000
$6,960,000
-9%
Fundraising Events
$0
$0
-
Program Services
$5,922,877
$13,722,128
+132%
Membership Dues
$0
$0
-
Investments
$2,267,223
$1,073,900
-53%
Other
-$362,140
-$456,581
+26%
Total Revenues
$21,142,915
$40,328,548
+91%
Expenses
2023
2024
Change
Grants
$1,320,007
$1,911,817
+45%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,770,532
$5,804,945
+22%
Fees to Service Providers
$1,983,222
$2,722,538
+37%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$196,889
$208,880
+6%
Interest
$1,731,492
$3,282,006
+90%
Depreciation
$24,639
$33,724
+37%
Other
$653,172
$3,777,305
+478%
Total Expenses
$10,679,953
$17,741,215
+66%
Net income
2023
2024
Change
Net income
+$10,462,962
+$22,587,333
+116%
Functional Expenses
Summary
2023
2024
Change
Program
$8,372,160
$14,724,110
+76%
Admin
$2,307,793
$3,017,105
+31%
Fundraising
$0
$0
-
Total Expenses
$10,679,953
$17,741,215
+66%
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