FISCAL YEAR of August 2021-July 2022

Assets

Current Assets……………………………...$1,037,590

Fixed Assets………………………………….$4,157,861

Total Assets………………………….$5,195,451

Liabilities

Accounts Payable……………………….…$61,475

Notes Payable……………………………….$3,220,304

Total…………….……………..……...$3,281,779

Total Net Assets.…………..……….$1,913,672

Total Liabilities & Net Capital.…$5,195,451

Income

Contributions………………………………..$1,432,698

Program Revenue…………………….…..$52,606

PPP Cares Act Forgiveness………....$128,000

Total Income…………………………$1,613,304

Expenses

Personnel…..………………………………...$704,420

Operations……………………………………$169,551

Facilities…………………………………….…$272,894

Depreciation & Amortization……....$274,768

Departments*……………………….…..…$192,984

Misc…….………………………………….….…$56,314

Total Expenses……..…………...…$1,670,931

Net

Change in Net Assets…………………..($57,627)

Net Assets (beginning of year)..$1,971,299

Net Assets (end of year)………...$1,913,672

*Missions support is in this total

FISCAL YEAR of August 2020-July 2021

Assets

Current Assets……………………………...$726,344

Fixed Assets………………………………….$4,713,015

Total Assets………………………….$5,439,359

Liabilities

Accounts Payable……………………….…$197,534

Notes Payable……………………………….$3,270,514

Total…………….……………..……...$3,468,048

Total Net Assets.…………..……….$1,971,311

Total Liabilities & Net Capital.…$5,439,359

Income

Contributions………………………………..$1,495,671

Program Revenue…………………….…..$12,350

PPP Cares Act Forgiveness………....$131,200

Total Income…………………………$1,639,221

Expenses

Personnel…..………………………………...$701,906

Operations……………………………………$253,473

Facilities…………………………………….…$385,117

Depreciation & Amortization……....$274,342

Departments*……………………….…..…$94,399

Misc…….………………………………….….…$3,231

Total Expenses……..…………...…$1,712,468

Net

Change in Net Assets…………………..($73,247)

Net Assets (beginning of year)..$2,044,558

Net Assets (end of year)………...$1,971,311

*Missions support is in this total

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.