|
1 ,
<br /> HOUSING FOR NEW HOPE,INC.
<br /> STATEMENTS OF ACTIVITIES
<br /> FOR THE YEARS ENDED AUGUST 31,2011 AND 2010
<br /> (continued)
<br /> 2010
<br /> Temporarily
<br /> Unrestricted Restricted Total
<br /> Support and revenues
<br /> Support
<br /> Grants and contracts
<br /> Federal grants $ - $ 986,078 $ 986,078
<br /> State and local grants - 1,036,695 1,036,695
<br /> Congregational support 38,123 103,166 141,289
<br /> Foundations - 208,037 208,037
<br /> Contributions
<br /> Cash 148,998 - 148,998
<br /> Donated space and forgiveness of debt 3,500 - 3,500
<br /> In-Kind contributions - - -
<br /> Fund raising events 2,244 - 2,244
<br /> Total support 192,865 2,333,976 2,526,841
<br /> Revenues
<br /> Rental income 69,720 - 69,720
<br /> Interest income 209 - 209
<br /> Administrative fees 96,517 - 96,517
<br /> Other 1,621 - 1,621
<br /> Total revenues 168,067 - 168,067
<br /> Net assets released from restrictions
<br /> Satisfaction of program restrictions 2,284,173 (2,284,173) -
<br /> Total support and revenues 2,645,105 49,803 2,694,908
<br /> Expenses
<br /> Expenses
<br /> Program services 1,721,301 - 1,721,301
<br /> Supporting services 272,320 - 272,320
<br /> Total expenses 1,993,621 - 1,993,621
<br /> CHANGE IN NET ASSETS 651,484 49,803 701,287
<br /> Net assets-beginning of year,previously stated 1,573,537 20,061 1,593,598
<br /> Prior period adjustment (44,671) - (44,671)
<br /> Net assets-beginning of year,restated 1,528,866 20,061 1,548,927
<br /> NET ASSETS-END OF YEAR $ 2,180,350 $ 69,864 $ 2,250,214
<br /> The accompanying notes are an integral part of the financial statements.
<br /> 6
<br />
|