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