Mennonite Home of Albany Inc
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$32,130,468
Program Services
93%
Contributions
5%
Investments
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$30,561,997
Salaries & Benefits
50%
Other
16%
Fees to Service Providers
15%
Depreciation
11%
Offices, Occupancy & IT
7%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$315
$1,477,963
+469095%
Government Grants
$31,200
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$27,553,077
$29,781,400
+8%
Membership Dues
$0
$0
-
Investments
$470,824
$653,158
+39%
Other
$883,217
$217,947
-75%
Total Revenues
$28,938,633
$32,130,468
+11%
Expenses
2023
2024
Change
Grants
$48,576
$34,989
-28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,444,831
$15,235,692
+5%
Fees to Service Providers
$5,325,873
$4,688,920
-12%
Advertising & Promotion
$248,508
$265,204
+7%
Offices, Occupancy & IT
$2,009,503
$2,093,314
+4%
Interest
$105,820
$92,592
-13%
Depreciation
$3,201,331
$3,380,257
+6%
Other
$4,631,296
$4,771,029
+3%
Total Expenses
$30,015,738
$30,561,997
+2%
Net income
2023
2024
Change
Net income
-$1,077,105
+$1,568,471
-246%
Functional Expenses
Summary
2023
2024
Change
Program
$25,500,555
$26,032,566
+2%
Admin
$4,382,940
$4,433,221
+1%
Fundraising
$132,243
$96,210
-27%
Total Expenses
$30,015,738
$30,561,997
+2%
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