FISCAL YEAR of August 2024-July 2025

Assets

Current Assets…………………………….……..…………...$1,035,487

Fixed Assets……………………………….……..…………….$6,619,413

Total Assets………………………….………..…….$7,654,900

Liabilities

Accounts Payable…………………………….…………….…$220,995

Notes Payable……………………………………….………….$4,965,022

Total…………….……………..……………………...$5,186,017

Total Net Assets.…………..……………………….$2,468,883

Total Liabilities & Net Capital.………………….$7,654,900

Income

Contributions……………………………………………………..$1,765,559

Gain on sale of land, buildings and equipment…$82,500

Program Revenue…………………….…………………………$95,029

Total Income…………………………………………..$1,943,088

Expenses

Personnel…..……………………………………………………...$656,757

Operations……………………………………………….…………$330,369

Facilities……………………………………………………….….…$277,519

Depreciation & Amortization…………………………......$419,874

Interest……………………….……………………………..……..…$334,669

Fees, Services and Other…………………………..….….…$73,554

Total Expenses……..……………………………...…$2,092,742

Net

Change in Net Assets………………………..……..$(149,654)

Net Assets (beginning of year)……………..……$2,618,537

Net Assets (end of year)………………………......$2,468,883

The church’s financial statements have been reviewed by JDS Professional Group (formerly Romek, Sanders and Company, P.C.). The Independent Accountants’ Review Report dated January 11, 2021, states that the CPA firm is not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America.