NEIGHBORHOOD REINVESTMENT CORPORATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$205,720,440
Government Grants
90%
Contributions
4%
Program Services
3%
Investments
2%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$198,777,904
Grants
60%
Salaries & Benefits
25%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Other
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$14,693,097
$8,637,332
-41%
Government Grants
$207,803,116
$184,590,449
-11%
Fundraising Events
$0
$0
-
Program Services
$5,545,480
$5,551,150
+0%
Membership Dues
$0
$0
-
Investments
$3,565,328
$3,836,621
+8%
Other
$837,660
$3,104,888
+271%
Total Revenues
$232,444,681
$205,720,440
-11%
Expenses
2023
2024
Change
Grants
$141,619,446
$118,745,731
-16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$47,010,065
$48,734,000
+4%
Fees to Service Providers
$12,606,626
$13,342,621
+6%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$14,086,358
$12,773,532
-9%
Interest
$0
$0
-
Depreciation
$2,311,532
$524,133
-77%
Other
$2,353,866
$4,657,887
+98%
Total Expenses
$219,987,893
$198,777,904
-10%
Net income
2023
2024
Change
Net income
+$12,456,788
+$6,942,536
-44%
Functional Expenses
Summary
2023
2024
Change
Program
$206,550,724
$185,278,289
-10%
Admin
$11,857,413
$11,698,632
-1%
Fundraising
$1,579,756
$1,800,983
+14%
Total Expenses
$219,987,893
$198,777,904
-10%
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