Annual Financial Statements
BEGINNING TOTAL EQUITY | $427,343.54 | |
ORDINARY INCOME | ||
Hope Chest | 164,949.85 | Income at the till |
Hope Income | 6,267.66 | Operating donations (businesses, churches, government, organizations, individuals) |
Interest Earned | 75.49 | |
TOTAL ORDINARY INCOME | 171,293.00 | |
MISSION-DESIGNATED INCOME | ||
Churches | 1,500.00 | Mission Specific Donations |
Individuals | 3,200.00 | Mission Specific Donations |
Organizations | 3,250.00 | Mission Specific Donations |
TOTAL MISSION-DESIGNATED INCOME | 7,950.00 | |
GRAND TOTAL INCOME | $179,243.00 | |
ORDINARY EXPENSES | ||
Depreciation | 9,392.25 | |
Bank Fees/Svc Charges | 62.88 | |
Hope Building | 40,326.50 | |
Hope Misc | 202.20 | |
Hope Ops and Admin | 7,609.16 | |
Loan Interest and Fees | 4,279.21 | EIDL + FNB mortgage |
Payroll Expenses | 57,453.23 | |
TOTAL ORDINARY EXPENSES | 119,325.43 | |
MISSION-DESIGNATED EXPENSES | ||
Community Org Assist | 4,300.00 | |
Food | 0.00 | |
Housing | 14,291.76 | |
Utilities | 13,000.86 | |
Medical Assist | 0.00 | |
Transients | 2,186.40 | |
Gasoline Assist | 2,356.00 | |
Vehicle Assist | 6,066.37 | |
TOTAL MSN-ASSIST EXPENSES | 42,201.39 | |
GRAND TOTAL EXPENSES | $161,526.82 | |
RECEIPTS OVER (UNDER) EXPENSES | $17,716.18 | |
ENDING TOTAL EQUITY | $445,059.72 |