HomeMy WebLinkAboutNew HOPE Financial StatementNew HOPE CDC
Statement of Financial Position
As of June 30, 2024
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TOTAL
ASSETS
Current Assets
Bank Accounts
1000 Checking 1510 - 1 387,470.76
Cash 0.00
Checking - 3442 Rental Assistance 24,481.82
Checking - 3450 Mental Health 52,590.43
Checking - 3469 Street Outreach 908.30
Checking - 5265 63,910.20
Total Bank Accounts $529,361.51
Total Current Assets $529,361.51
TOTAL ASSETS $529,361.51
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Direct Deposit Payable 0.00
N/P - NBCC 24,500.00
Payroll Liabilities 37,701.37
Payroll wages and tax to pay 8,641.63
Total Other Current Liabilities $70,843.00
Total Current Liabilities $70,843.00
Total Liabilities $70,843.00
Equity
Retained Earnings 219,977.68
Net Revenue 238,540.83
Total Equity $458,518.51
TOTAL LIABILITIES AND EQUITY $529,361.51
New HOPE CDC
Statement of Activity
July 2023 - June 2024
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TOTAL
Revenue
Contributed income 125,000.00
HOP Income 2,207,036.32
Services 11,062.17
Services - Mental Health 71,724.00
Unapplied Cash Payment Revenue 18.00
Total Revenue $2,414,840.49
GROSS PROFIT $2,414,840.49
Expenditures
*Suspense*12,434.12
Advertising & marketing 11,671.04
Continued Education 1,918.78
Contract & Professional Services 52,931.91
Entertainment Meals 167.76
Occupancy 7,894.62
Office expenses 47,734.93
Other Supplies 384.06
Payout for Services 714,101.00
Payroll expenses 1,392,953.31
Program Expense - Rent 35,082.42
Reimbursable Services -388,373.59
Reimbursements 115,531.00
Supplies 284.63
Travel 1,497.52
Total Expenditures $2,006,213.51
NET OPERATING REVENUE $408,626.98
Other Expenditures
Vehicle expenses 775.00
Total Other Expenditures $775.00
NET OTHER REVENUE $ -775.00
NET REVENUE $407,851.98