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HomeMy WebLinkAboutWARM 2024 Operating BudgetWARM, Inc. 2024 Operating Budget by Funding Source Approved by Board 02/23/2024 Local Municipalities (A)NCHFA - ESFR (A)NCHFA URP (including HCH) (A)HOP (A)NCGA (P) HUD Programs - OAHMP & VHRMP (A) Income Contributions $750,000 $750,000 Contributions Events $150,000 $150,000 Events Social Enterprise $150,000 $150,000 Social Enterprise Other Income $130,000 $130,000 Other Income Grants & Contracts $0 $663,500 $1,450,000 $528,000 $810,000 $200,000 $398,997 $332,000 $4,382,497 Grants & Contracts Total funding available $1,030,000 $663,500 $1,450,000 $528,000 $810,000 $200,000 $398,997 $150,000 $332,000 $5,562,497 Total Income Expenses Facilities & Equipment $247,468 $28,910 $5,400 $3,200 $6,617 $2,513 $0 $74,897 $369,005 Facilities & Equipment Operations $229,597 $8,500 $90,000 $38,000 $35,000 $11,903 $0 $0 $413,000 Operations Insurance $20,905 $23,685 $18,900 $11,200 $0 $560 $0 $1,750 $77,000 Insurance Salaries/Benefits - Admin/Dev $95,431 $10,000 $10,000 $20,360 $100,000 $171,500 $407,291 Salaries/Benefits-Admin/Dev Salaries/Benefits - Program $319,544 $281,175 $486,000 $192,000 $314,100 $100,000 $126,287 $82,500 $41,453 $1,943,059 Salaries/Benefits - Program Materials & Contractors $12,000 $303,500 $810,000 $264,000 $410,000 $249,473 $67,500 $40,900 $2,157,373 Materials & Contractors Other Project Costs $3,786 $17,730 $29,700 $9,600 $23,923 $8,261 $0 $1,500 $94,500 Other Project Costs Total Expense Budget $928,731 $663,500 $1,450,000 $528,000 $810,000 $200,000 $398,997 $150,000 $332,000 $5,461,228 Total Expenses Net to Reserves $101,269 $0 $0 $0 $0 $0 $0 $0 $0 $101,269 Net to Reserves Key: NCHFA = North Carolina Housing Finance Agency (A) = Approved ESFR = Essential Single Family Rehabilitation (P) = Pending/Ongoing Fundraising URP = Urgent Repair Program * Corp Giving includes Corp Foundations HOP = Healthy Opportunities Pilot HCH = Hope Comes Home WHSP = Workforce Housing Service Program OAHMP = Older Adults Home Modification Program NCGA = NC General Assembly VHRMP = Veterans Housing Rehabilitation & Modification Pilot CPP = Community Partner Program (Welcome Home Angel, Cape Fear Collective, NCORR, etc) Social Enterprise (CPP)Category General Funds (P) GOVERNMENT CONTRACTS Private Foundation Grants (P)TOTALS Category (Repeated for convenience) https://warmnc.sharepoint.com/sites/WARMDrive/Shared Documents/WARM Administration1/Accounting (non sensitive)/Operating Budget info/Operating Budget 2024/2024 Operating Budget - REVISION 02.2024/WARMNC 2024 - budget revision- DO NOT EDIT Page 1