SOUTHSIDE REDEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,850,840
Contributions
86%
Government Grants
8%
Investments
3%
Other
2%
Program Services
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,075,162
Salaries & Benefits
45%
Fees to Service Providers
20%
Other
19%
Offices, Occupancy & IT
9%
Depreciation
7%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$23,195,748
$7,598,449
-67%
Government Grants
$500,000
$739,560
+48%
Fundraising Events
$0
$0
-
Program Services
$43,600
$116,262
+167%
Membership Dues
$0
$0
-
Investments
$87,237
$238,162
+173%
Other
$45,305
$158,407
+250%
Total Revenues
$23,871,890
$8,850,840
-63%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$387,792
$479,539
+24%
Fees to Service Providers
$43,640
$210,971
+383%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$81,386
$99,874
+23%
Interest
$625
$7,500
+1100%
Depreciation
$62,820
$70,619
+12%
Other
$129,294
$206,659
+60%
Total Expenses
$705,557
$1,075,162
+52%
Net income
2023
2024
Change
Net income
+$23,166,333
+$7,775,678
-66%
Functional Expenses
Summary
2023
2024
Change
Program
$279,339
$600,289
+115%
Admin
$327,308
$359,120
+10%
Fundraising
$98,910
$115,753
+17%
Total Expenses
$705,557
$1,075,162
+52%
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