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 |