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HOUSING FOR NEW HOPE,INC.
<br /> STATEMENTS OF ACTIVITIES
<br /> FOR THE YEARS ENDED AUGUST 31,2011 AND 2010
<br /> 2011
<br /> Temporarily
<br /> Unrestricted Res ' Total
<br /> Support and revenues
<br /> Support
<br /> Grants and contracts
<br /> Federal grants $ - $ 919,982 $ 919,982
<br /> State and local grants - 592,692 592,692
<br /> Congregational support 83,307 82,960 166,267
<br /> Foundations - 229,465 229,465
<br /> Contributions
<br /> Cash 197,288 - 197,288
<br /> Donated space and forgiveness of debt 26,100 - 26,100
<br /> In-Kind contributions 3,525 - 3,525
<br /> Fund raising events 1,689 - 1,689
<br /> Total support 311,909 1,825,099 2,137,008
<br /> Revenues
<br /> Rental income 182,170 - 182,170
<br /> Interest income 17 - 17
<br /> Administrative fees 110,171 - 110,171
<br /> Other 3,234 - 3,234
<br /> Total revenues 295,592 - 295,592
<br /> Net assets released from restrictions
<br /> Satisfaction of program restrictions 1,881,676 (1,881,676) -
<br /> Total support and revenues 2,489,177 (56,577) 2,432,600
<br /> Expenses
<br /> Expenses
<br /> Program services 1,883,162 - 1,883,162
<br /> Supporting services 339,046 - 339,046
<br /> Total expenses 2,222,208 - 2,222,208
<br /> CHANGE IN NET ASSETS 266,969 (56,577) 210,392
<br /> Net assets-beginning of year 2,180,350 69,864 2,250,214
<br /> NET ASSETS-END OF YEAR $ 2,447,319 $ 13,287 $ 2,460,606
<br /> (continued)
<br /> The accompanying notes are an integral part of the financial statements.
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