2024 RMH-NY Annual Report

Financials

Statement of Financial Position

 

CURRENT ASSETS AUDITED 2024
Cash & Cash Equivalents $ 1,749,135
Contributions Receivable, Net $ 3,054,972
Investments $ 89,680,068
Prepaid Expenses and Other Assets $ 441,550
Investments Held for Pension and Deferred Compensation Plans $ 1,009,491
Property and Equipment, Net $ 29,637,407
TOTAL ASSETS $ 125,572,623

 

LIABILITIES
Accounts Payable and Accrued Expenses $ 3,729,660
Refundable Advances $ 628,632
Bonds Payable, Net $ 7,463,681
TOTAL LIABILITIES $ 11,821,973

 

NET ASSETS
Without Donor Restrictions:
    Operations $ 31,128,515
    Net Investment in Property and Equipment $ 22,173,726
    Board Designated for Future Operations $ 58,500,000
    Total Net Assets Without Donor Restrictions $ 111,802,241
With Donor Restrictions:
    Restricted for Purpose and Time $ 836,256
    Perpetual in Nature $ 1,112,153
    Total Net Assets With Donor Restrictions $ 1,948,409
TOTAL NET ASSETS $ 113,750,650
TOTAL LIABILITIES AND NET ASSETS $ 125,572,623

 

Statement of Activity

 

PUBLIC SUPPORT AND REVENUE AUDITED 2024
Public Support:
Special Events Revenue $5,430,324
Less: Cost of Direct Benefit to Donors $(1,015,879)
Special Events, Net $4,414,445
Bequests $550,966
Direct Mail Contributions $1,209,314
Contributions $8,155,667
Noncash Contributions $2,029,100
Total Public Support $16,359,492
Revenue:
Room Donation Revenue $ 190,329
Service Fee Revenue $ 47,950
Investment Income, Net $ 7,809,393
Other $ 323,401
Total Revenue $ 8,371,073
Net Assets Released from Restrictions $ –
TOTAL PUBLIC SUPPORT AND REVENUE $24,730,565

 

EXPENSES
Program Services:
Room Occupancy $ 12,712,475
Volunteer Activities $ 694,054
Education and Support $ 1,009,625
Outreach Programs $ 2,974,114
Total Program Services $ 17,390,268
Supporting Services: Management and general $ 1,746,800
Fundraising $ 6,585,442
Total supporting services $ 8,332,242
TOTAL EXPENSES $ 25,722,510

 

Net Assets – Beginning of Year $ 114,742,595
CHANGE IN NET ASSETS $991,945
NET ASSETS – END OF YEAR $ 113,750,650