HOUSING INITIATIVE PARTNERSHIP INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,577,442
Government Grants
75%
Contributions
13%
Program Services
11%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,457,839
Other
48%
Salaries & Benefits
31%
Offices, Occupancy & IT
8%
Interest
6%
Fees to Service Providers
4%
Grants
3%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$595,427
$854,225
+43%
Government Grants
$3,869,403
$4,927,046
+27%
Fundraising Events
$0
$0
-
Program Services
$17,703
$722,492
+3981%
Membership Dues
$0
$0
-
Investments
$14,839
$28,677
+93%
Other
-$671,752
$45,002
-107%
Total Revenues
$3,825,620
$6,577,442
+72%
Expenses
2023
2024
Change
Grants
$152,766
$219,501
+44%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,433,611
$2,643,734
+9%
Fees to Service Providers
$141,564
$326,257
+130%
Advertising & Promotion
$33,416
$27,987
-16%
Offices, Occupancy & IT
$245,617
$675,132
+175%
Interest
$59,394
$500,723
+743%
Depreciation
$5,045
$6,713
+33%
Other
$684,640
$4,057,792
+493%
Total Expenses
$3,756,053
$8,457,839
+125%
Net income
2023
2024
Change
Net income
+$69,567
-$1,880,397
-2803%
Functional Expenses
Summary
2023
2024
Change
Program
$3,230,357
$7,952,394
+146%
Admin
$405,067
$367,411
-9%
Fundraising
$120,629
$138,034
+14%
Total Expenses
$3,756,053
$8,457,839
+125%
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