HOMEWOOD AT FREDERICK MD INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$50,825,723
Program Services
90%
Other
8%
Investments
1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$43,649,780
Salaries & Benefits
44%
Other
17%
Depreciation
15%
Offices, Occupancy & IT
14%
Interest
8%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$42,943,614
$45,986,661
+7%
Membership Dues
$0
$0
-
Investments
$722,110
$681,257
-6%
Other
$1,213,478
$4,157,805
+243%
Total Revenues
$44,879,202
$50,825,723
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,959,124
$19,089,564
+13%
Fees to Service Providers
$103,795
$172,301
+66%
Advertising & Promotion
$194,956
$190,317
-2%
Offices, Occupancy & IT
$5,117,672
$6,208,650
+21%
Interest
$3,746,206
$3,644,429
-3%
Depreciation
$6,259,801
$6,724,296
+7%
Other
$8,199,449
$7,620,223
-7%
Total Expenses
$40,581,003
$43,649,780
+8%
Net income
2023
2024
Change
Net income
+$4,298,199
+$7,175,943
+67%
Functional Expenses
Summary
2023
2024
Change
Program
$36,104,273
$38,366,001
+6%
Admin
$4,473,431
$5,243,412
+17%
Fundraising
$3,299
$40,367
+1124%
Total Expenses
$40,581,003
$43,649,780
+8%
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