Annual Financial Statements

 BEGINNING TOTAL EQUITY $378,737.38  
ORDINARY INCOME    
Hope Chest 150,177.08    Income at the till
Hope Income 25,237.98    Operating donations (businesses, churches,
government, organizations, individuals)
Interest Earned 133.28  
TOTAL ORDINARY INCOME 175,548.34  
MISSION-DESIGNATED INCOME    
Churches 500.00    Mission Specific Donations
Individuals 2,900.00    Mission Specific Donations
Organizations 3,550.00    Mission Specific Donations
TOTAL MISSION-DESIGNATED INCOME 6,950.00  
GRAND TOTAL INCOME $182,498.34  
ORDINARY EXPENSES    
Depreciation 7,942.25  
Bank Fees/Svc Charges 57.00  
Hope Building 16,506.38  
Hope Misc 320.59  
Hope Ops and Admin 9,390.89  
Loan Interest and Fees 6,928.99    EIDL + FNB mortgage
Payroll Expenses 56,365.07  
TOTAL ORDINARY EXPENSES 97,511.17  
MISSION-DESIGNATED EXPENSES    
Community Org Assist 2,450.00  
Food 4.38  
Housing 16,710.10  
Utilities 10,997.98  
Medical Assist 45.55  
Transients 2,871.07  
Gasoline Assist 1,575.00  
Vehicle Assist 2,540.00  
TOTAL MSN-ASSIST EXPENSES 37,174.08  
GRAND TOTAL EXPENSES $134,685.25  
RECEIPTS OVER (UNDER) EXPENSES $47,813.09  
ENDING TOTAL EQUITY $426,550.47