St Ignace Area Hope

P.O. Box 170, Saint Ignace, MI 49781

     Annual Financial Statement


    October 1, 2019 through September 30, 2020

 
BEGINNING TOTAL EQUITY $361,543.18  
ORDINARY INCOME    
Hope Chest 118,704.61 Income at the till
Hope Income 15,089.10 Operating donations (businesses, churches,
government, organizations, individuals)
Interest Earned 21.77  
TOTAL ORDINARY INCOME 133,815.48  
MISSION-DESIGNATED INCOME    
Churches 500.00 Mission Specific Donations
Individuals 4,206.02 Mission Specific Donations
Organizations 5,000.00 Mission Specific Donations
TOTAL MISSION-DESIGNATED INCOME 9,706.02  
GRAND TOTAL INCOME $143,521.50  
ORDINARY EXPENSES    
Depreciation 7,942.25  
Bank Fees/Svc Charges 115.00  
Hope Building 18,358.06  
Hope Misc 166.38  
Hope Ops and Admin 6,061.64  
Mortgage Interest and Fees 5,781.73  
Payroll Expenses 53,601.90  
TOTAL ORDINARY EXPENSES 92,026.96  
MISSION-DESIGNATED EXPENSES    
Community Org Assist 2,450.00  
Housing 14,704.31  
Utilities 12,296.41  
Medical Assist 370.84  
Transients 1,791.00  
Gasoline Assist 1,700.00  
Vehicle Assist 982.04  
TOTAL MSN-ASSIST EXPENSES 34,294.60  
GRAND TOTAL EXPENSES $126,321.56  
RECEIPTS OVER (UNDER) EXPENSES $17,199.94  
ENDING TOTAL EQUITY $378,743.12