FISCAL YEAR 2007 FINANCIALS - AS OF JUNE 30, 2007
STATEMENT OF FINANCIAL POSITION
ASSETS |
|
Cash and Cash Equivalents |
$1,565,916 |
Pledges Receivable |
85,930 |
Government Receivables |
111,486 |
Miscellaneous Receivables |
1,329 |
Prepaid Expenses |
94,092 |
Security Deposits |
10,000 |
Investments |
1,461,312 |
Property and Equipment, Net of
Accumulated Depreciation and
Amortization |
4,876,538 |
|
|
|
$8,206,603 |
|
|
LIABILITIES AND NET ASSETS |
|
|
|
Accounts Payable and Accrued Expenses |
$261,600 |
Mortgage Payable |
97,231 |
Grants Due to Other Organizations |
13,398 |
|
|
|
372,229 |
|
|
Net Assets Unrestricted -- |
|
Designated by the Board of Directors |
2,280,400 |
Invested in Buildings and Equipment |
4,779,307 |
Total Unrestricted |
7,059,707 |
Temporarily Restricted |
|
Purpose |
747,412 |
Future Periods |
27,255 |
Total Temporarily Restricted |
774,667 |
|
|
|
7,834,374 |
|
|
|
$8,206,603 |
STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS
Revenue: |
|
Public Support: |
|
Grants, Contributions, and Requests |
$1,964,341 |
Board Designated Grants and Contributions |
1,000,000 |
Grants from government Agencies |
1,289,088 |
Special Events |
237,606 |
Cost of Direct Benefits to Donors |
(52,836) |
|
|
|
4,438,199 |
Other Revenue: |
|
Investment Income |
130,145 |
Gain (Loss) on Sale of investments |
(131) |
Unrealized Gain/(Loss) Investments |
10,846 |
Fees |
2,128 |
|
142,988 |
Net Assets Released from Restrictions |
|
Satisfaction of Restrictions - Invested in Building
and Equipment |
$0 |
Satisfaction of Program Restrictions |
$0 |
|
|
Total Revenue |
4,581,187 |
|
|
Expenses: |
|
Program Services: |
|
Outreach and Health Ministry |
1,409,091 |
Open Door Youth Shelters |
1,914,015 |
Youth Shelter Network |
235,902 |
|
|
|
3,559,008 |
Supporting Services: |
|
Management and General |
579,660 |
Fund Raising |
289,579 |
|
|
|
869,239 |
|
|
Total Expenses |
4,428,247 |
|
|
Change in Net Assets |
152,940 |
|
|
Net Assets, Beginning of Fiscal Year |
7,681,434 |
|
|
Net Assets, End of Fiscal Year |
$7,834,374 |
STATEMENT OF FUNCTIONAL EXPENSES
Salaries |
$2,418,923 |
Employee Benefits |
370,688 |
Payroll Taxes |
195,159 |
|
|
Total Salaries and Related Expenses |
2,984,770 |
|
|
Bank Charges |
9,498 |
Consulting Fees |
73,431 |
Depreciation and Amortization |
337,085 |
Dues, books, and Subscriptions |
64,955 |
Equipment Leasing |
16,243 |
Grants to Other Organizations |
51,659 |
Insurance |
103,169 |
Interest |
11,967 |
Kitchen Supplies |
78,784 |
Miscellaneous Expenses |
19,905 |
Occupancy |
166,525 |
Office Supplies |
31,852 |
Postage and Shipping |
30,965 |
Printing |
56,429 |
Professional Fees |
99,319 |
Program and Medical Supplies Expenses |
33,877 |
Public Relations |
31,269 |
Repairs and Maintenance |
103,169 |
Specific Assistance to Individuals |
22,502 |
Staff/Volunteer Street Expenses |
23,970 |
Telephone |
34,057 |
Travel |
16,638 |
Vehicle Expenses |
26,209 |
|
|
Total Functional Expenses |
$4,428,247 |
SOURCES OF INCOME
Foundations, Trusts, and Corporations |
46.17% |
Government |
26.80% |
Congregations, Denominations & Special Events |
9.27% |
Capital Campaign & Capital Projects |
4.31% |
Individuals |
9.98% |
Other (Including Planned Giving) |
3.47% |
|
|
|
100.00% |
USE OF FUNDS
Outreach and Health Ministry |
31.82% |
Fund Raising |
5.84% |
Management and General |
13.09% |
Youth Shelter Network |
5.43% |
Open Door Youth Shelters |
43.22% |
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