HOUSING FOR NEW HOPE
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$3,826,833
Government Grants
55%
Contributions
26%
Program Services
19%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$3,602,455
Salaries & Benefits
43%
Grants
20%
Other
16%
Offices, Occupancy & IT
10%
Depreciation
8%
Fees to Service Providers
3%
Interest
1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$986,846
$991,166
+0%
Government Grants
$1,730,904
$2,094,012
+21%
Fundraising Events
$0
$0
-
Program Services
$300,336
$727,916
+142%
Membership Dues
$0
$0
-
Investments
$7,822
$13,739
+76%
Other
$0
$0
-
Total Revenues
$3,025,908
$3,826,833
+26%
Expenses
2023
2024
Change
Grants
$613,261
$718,757
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,440,841
$1,540,842
+7%
Fees to Service Providers
$74,332
$97,833
+32%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$229,304
$356,338
+55%
Interest
$37,113
$38,428
+4%
Depreciation
$168,556
$282,725
+68%
Other
$464,720
$567,532
+22%
Total Expenses
$3,028,127
$3,602,455
+19%
Net income
2023
2024
Change
Net income
-$2,219
+$224,378
-10212%
Functional Expenses
Summary
2023
2024
Change
Program
$2,460,769
$3,060,104
+24%
Admin
$429,427
$429,748
+0%
Fundraising
$137,931
$112,603
-18%
Total Expenses
$3,028,127
$3,602,455
+19%
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