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2 13 08 Maria House Budget ReportMaria\ House November 5, 2007 Mr. Mike Van Milligen City Manager City Hall 50 W. 13"' St. City of Dubuque Dubuque, IA 52001 Opening Doors ...Empowering Lives Teresa Shelter Dear Mr. Van Milligen: Opening Doors is requesti g $15,000 om the City of Dubuque in order to defray operating costs at our two programs: Maria House an eresa elter. Maria House, the first program of Opening Doors, opened its doors on September 25 of 2000 and provides transitional housing for women, alone or with children, where they cah live up to two years. Maria House provides a warm and supportive environment for women as they journey towards independence and self-sufficiency. Without help and support, homeless families often inherit a legacy of poverty and crisis. Unless mothers acquire the resources and skills to work productively in society, children of homeless families have little chance. They fall behind in school, receive inadequate health care, and grow up with insecurity and despair. In collaboration with existing community programs, families at Maria House have the resources they need to meet their varying needs. Maria House provides a stable home life, sense of community, and comprehensive support services to help families break the cycle of homelessness and poverty in their lives. Typically, homeless women need education and job skills to work towazd self-reliance. Those who work often earn minimum wage or slightly more. Not neazly enough to pay for food, rent, childcare and medical insurance. Through case management, life skills training and education, as well as the removal of bamers, such as lack of transportation and childcaze, the earning potential of those who complete the Maria House program is greatly enhanced. At intake, each woman's needs are assessed. Based on those needs, goals aze set. Women aze encouraged to stay at least six months, but no more than two years. During this time, staff works closely with the women to set developmental goals and create strategies4o achieve them. Existing community resources are utilized for job training, education, employment, individual and family counseling plus access to safe, affordable, permanent housing. In addition, staff at Maria House work 1:1 with women on issues such as budgeting, parenting, social skills, self-esteem issues, etc. If the resident has income, she is expected to pay for part of the cost her stay at Maria House. The other part is put into a savings account that she will get when she leaves Maria House. Even though this amount is generally only a small percentage of the total cost of her stay, it helps her develop a greater sense of responsibility and derive satisfaction from being able to support herself, at least partially. The amount of money in a woman's savings account when she is ready to leave gives her a good start on finding a place to live and pay the required deposits on the rental lease and the utilities. During the past two-year period, we have served 88 women and children at Maria House, where we have seen wonderful things happening. Women have conquered substance abuse, started school or completed their education, obtained a job, but the statistic we are most proud of is the fact that 74% of the women whose 7561 Jackson Street Fax: (563) 582-7467 Web Page: www.marin-house.org Dubuque, Ineua 52001 Phone: (563) 582-7480 Email: mariahouse@maria house.org children were in foster care when they entered Maria House, were able to regain custody of them because of the progress they made while living at Maria House! Shortly after Maria House opened, staff quickly realized that it was difficult to serve the emergency population and the transitional population under the same roof at Maria House. The emergency population are just seeking to have their basic needs of food and shelter met and are not able to follow the structure and rules of Maria House. In addition, Maria House almost always has a waiting list and receives calls from many women who just need temporazy shelter. In response to the increasing need for shelter for homeless women and children, Opening Doors opened Teresa Shelter on May 23 Of 2006. It opened as strictly an overnight shelter from 6 pm until 8 am; however, the census was not as high as expected. Not as many women with children were coming to the shelter because they had to leave during the day. So, our Boazd took a leap of faith and committed to staff the shelter during the day for afour-month Pilot Project, starting mid-September through mid-Januazy, to see if the census would increase. Staff feel that womeswith children are staying in undesirable living situations because they have nowhere to go during the day when the Teresa Shelter is closed. A light breakfast is served every morning. Teresa Shelter is closed during lunch and supper, and the guests utilize the community meal sites that are in close proximity to the shelter. In case of inclement weather, we keep the shelter open during meal times and keep soup and frozen food on-site to feed the guests. Teresa Shelter is primazily a 30-day shelter, but stays have been increased to 60 days if guests were making progress. Simple goals are set with each guest and reviewed weekly by the Program Director. These goals are mainly to find housing and employment. There aze morning and evening meetings where the Shelter Monitors meet with the guests and daily chores aze assigned. Some Teresa Shelter guests have moved on to Maria House. The Boazd-will make a recommendation to keep the shelter open yeaz-round if the census increases 50% during this Pilot Project. Already, during the months of September and October, our census increased. Since Teresa Shelter opened in May of 2006, 232 women and children have been served. Staffing is the major component of the Maria House and Teresa Shelter programs and, thus, is our greatest expense. Maria House's annual budget is almost $400,000 and Teresa Shelter's budget is $160,000. To keep the doors of both of these programs open, Opening Doors depends on grants, donations and the support of generous people in our community. Only 7% of our operating budget comes from United Way. We hope you can assist Opening Doors with funding from the City's Fiscal Year 2009 Budget. Together, we can carry out our mission to help homeless women and children in our community rebuild their lives! Sincerely, Mich ile Brown, LBSW Executive Director Maria House Budget August 31, 2008 Revenue Unrestricted Contributions Religious Congregations United Way HUD Grant H SoG Grant City Funding (projected) County Funding (projected) CACFP (Food Program) Interest Income Program Fees Total Revenue Maria House Budget August 31, 2009 Revenue $ 246,592 Unrestricted Contributions $ 253,990 13,000 Religious Congregations 13,390 31,862 United Way 32,818 42,222 HUD Grant 43,489 32,000 H SoG Grant 32,960 10,000 City Funding (projected) 10,300 12,000 County Funding (projected) 12,360 3,600 CACFP (Food Program) 3,708 4,700 Interest Income 4,841 3,500 Program Fees 3,605 $ 399,476 Total Revenue $ 411,460 Salaries Executive Director M.H. Program Director Program Assistants Development Director Legal Advocate Office Wages FICA/Medicare Employee Reimbursement Simple IRA Plan Total Salaries Bene its Training and Seminars Fringe Benefits Total Benefits Salaries $ 38,866 Executive Director $ 40,032 38,494 M.H. Program Director 39,649 85,870 Program Assistants 88,446 23,585 Development Director 24,293 29,265 Legal Advocate 30,143 20,650 Office Wages 21,270 18,110 FICA/Medicaze 18,653 700 Employee Reimbursement 721 6,366 Simple IRA Plan 6,557 $ 261,906 Total Salaries $ 269,763 Bene tts 6,000 Training and Seminars 6,180 22,126 Fringe Benefits 22,790 $ 28,126 Total Benefits $ 28,970 4,800 4S8 2,470 778 1,564 990 Taxes and lnsarance Insurance -Workers Compensation $ Insurance -Property & Contents Insurance -Building Insurance -Liability Insurance -Auto Directors and Officers Employee Administrative Fee Employee Dishonesty Total Taxes and Insurance 539 124 $ 11,723 Administrative General Office Expense $ Postage & Shipping Computer purchases and repairs Bank Service Charges Newsletters/Printi ng/Stati ovary Accounting/Auditing Intemet/E-Mail Subscriptions Permits & Licenses Membership & Dues Instructional Materials Marketing/Advertising Equipment Repair Pre-Employment Physicals/Drug testin 3,000 1,300 1,200 1,575 7,125 6,235 4,300 100 350 1,000 250 750 1,800 160 Board Development 300 Total Administration $ 29,445 Taxes andlnsarance Insurance -Workers Compensation $ Insurance -Property & Contents Insurance -Building Insurance -Liability Insurance -Auto Directors and Officers Employee Administrative Fee Employee Dishonesty Total Taxes and Insurance Administrative General Office Expense Postage & Shipping Computer purchases and repairs Bank Service Charges Newsletters/Printing/Stati onary Accounting/Auditing Intemet/B-Mail Subscriptions Permits & Licenses Membership & Dues Instructional Materials Marketing/Advertis ing Equipment Repair Pre-Employment Physicals/Drug testir 4,944 472 2,544 801 1,611 1,020 555 128 12,075 3,090 1,339 1,236 1,622 7,339 6,422 4,429 103 361 1,030 258 773 1,854 165 Board Development 309 Total Administration $ 30,328 Ministry Services Ministry Services Food $ 3,000 Food $ 3,090 Activities 1,270 Activities 1,308 Assistance/Personal items 200 Assistance/Personal items 206 Executive Director Discretionary Fund 800 Executive Director Discretionary Func 824 Goodwill/Volunteer 330 GoodwilWolunteer 340 Total Ministry Services $ 5,600 Total Ministry Services $ 5,768 Buildings and Grounds Buildings and Grounds Supplies $ 1,850 Supplies $ 1,906 Security 1,000 Security 1,030 Repairs & Maintenance 5,000 Repairs & Maintenance 5,150 Total Building & Grounds $ 7,850 Total Building & Grounds $ 8,086 Utilities Utilities Lease Expense $ 20,400 Lease Expense $ 21,012 Telephone 2,800 Telephone 2,884 Cablevision 300 Cablevision 309 Total Utilities $ 23,500 Total Utilities $ 24,205 Other Expenses Other Expenses Vehicle Expense 1,400 Vehicle Expense $ 1,442 Depreciation $ 29,826 Depreciation 30,721 Miscellaneous 100 Miscellaneous 103 Total Other Expenses $ 31,326 Total Other Expenses $ 32,266 Total Expenditures $ 399,476 Total Expenditures $ 411,460 Change In Net Assets $ 0 Change In Net Assets $ 0 Teresa Shelter Budget August 31, 2008 Revenue Unrestricted Contributions $ 137,812 Religious Cong. 5,000 HSOG Grant 16,000 FEMA 560 Total Revenue $ 159,372 Teresa Shelter Budget August 31, 2009 Revenue Unrestricted Contributions $ 141,946 Religious Cong. 5,150 HSOG Grant 16,480 FEMA 577 Total Revenue $ 164,153 Salaries Salaries Teresa Shelter Program Director $ 30,915 Teresa Shelter Program Director $ 31,842 Staff Salaries 57,480 Staff Salaies 70,864 Maria House Staff 14,475 Maria House Staff 74,909 FICA/Medicare 7,870 FICA/Medicare 8,106 Total Salaries $ 110,740 Total Salaries $ 125,722 Bene tts Bene tts Training and Seminars $ 1,000 Training and Seminars $ 1,030 Fringe Benefits 6,634 Fringe Benefits 6;833 Total Benefits $ 7,634 Total Benefits $ 7,863 Taxes andlnsurance Insurance -Workers Compensation $ 992 Insurance -Liability 698 Insurance - Au[o 175 Directors and Officers 329 Insurance - TS Property 898 Employee Dishonesty 124 Total Taxes and Insurance $ 3,216 Administration General Office Expense $ 500 Postage & Shipping 500 Newsletters/Prin[ing 2,375 Acwun[ing/Auditing 1,200 In[erneUE-Mail 600 Subscriptions 50 Permits & Licenses 40 Membership & Dues 70 Marke[ing/Advertising 250 Board Development 100 Office Equipment Repair 100 Criminal Background Checks 50 Pre-Employment Physicals/Drug Testis 240 Total Administration $ 6,075 Ministry Services Food $ Assis[ance/Personal items Executive Director Discretionary Fund Goodwill Total Ministry Services Building & Grounds House Supplies Security Repairs & Maintenance Interest Total Building & Grounds Taxes andlnsurance Insurance -Workers Compensation Insurance -Liability Insurance -Auto Directors and Officers Insurance - TS Property Employee Dishonesty Total Taxes and Insurance Administration General Office Expense Postage & Shipping Newsletters/Printing Accounting/Auditing IntemeUE-Mail Subscriptions Permits & Licenses Membership & Dues Marketing/Advertising Boazd Development Office Equipment Repair Criminal Background Checks Pre-Employment Physicals/Drug Testing Total Administration Ministry Services 700 Food $ 200 Assistance/Personal items 100 Executive Director Discretionary Fund 100 Goodwill 1,100 Total Ministry Services $ Building & Grounds $ 700 House Supplies 600 Security 750 Repairs & Maintenance 5,840 Interest $ 7,890 Total Building & Grounds 1,022 719 180 339 925 128 3,312 515 515 2,446 1,236 618 52 41 72 258 103 103 52 247 6,257 721 206 103 103 1,133 $ 721 618 773 6,015 $ 8,127 Utilities Uti6fies $ 3 150 Electricity $ 3,000 Electricity , Gas 4,200 Gas 4,410 Water/Garbage 732 Water/Garbage 769 Orkin 500 Orkin 515 Cellphone 230 Cellphone 237 Telephone 520 Telephone 536 Cablevision 300 Cablevision 309 Total Utilities $ 9,482 Total Utilities $ 9,925 Other Expenses Other Expenses $ 515 VehicleExpense $ 500 Vehicle Expense 7 115 Depreciation 6,908 Depreciation $ , 7 630 Total Other Expenses $ 7,408 Total Other Expenses , Total Expenditures $ 153,545 Total Expenditures $ 169,970 Change in Net Assets Before Debt $ 5,827 Change in Net Assets Before Debt Reduc $ 5,827 159,372 Debt Reduction $ 5,827 Debt Reduction $ 5,827 Change in Net Assets $ 0 Change in Net Assets $ 0 OPENING DOORS d/b/a MARIA HOUSE STATEMENTS OF FINANCIAL POSITION AUGUST 31, 2005 AND 2004 ASSETS CURRENT ASSETS Cash and cash equivalents Cash -resident escrow Receivables Grants -Note 2 Unconditional promises to give -Note 3 Prepaid expenses Total current assets ASSETS LIMITED AS TO USE OR RESTRICTED 2005 2004 $ 68,004 $ 62,865 2,291 2,092 14,389 23,234 9,945 15,416 10,226 6,764 104,855 110,371 Beneficial interest in net assets of community foundation -Note 4 15,964 15,176 Unconditional promises to give -Note 3 - 9,070 Cash restricted by donors 44,909 12,411 Cash limited as to use by the Board 220,980 229,651 Total assets limited as to use or restricted PROPERTY AND EQUIPMENT, net -Note 5 Total assets 281,853 266,308 540,994 572,215 $ 927,702 $ 948,894 See notes to financial statements. LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable Resident escrow funds Accrued expenses Salaries Vacation Payroll taxes Current maturities of long-term debt -Note 6 Total current liabilities LONG-TERM DEBT, less current maturities -Note 6 Total liabilities NET ASSETS Unrestricted Temporarily restricted -Note 7 Permanently restricted -Note 7 Total net assets Total liabilities and net assets 2005 2004 $ 316 $ 1,110 ?,291 2,092 11,354 11,686 15,548 12,606 132 - 11,735 11,735 41,376 39,229 165,266 177,001 206,642 216,230 650,242 678,299 S4,SS4 39,189 1 S, 964 15,176 721,060 732,664 $ 927,702 $ 948,894 2 OPENING DOORS d/b/a MARIA HOUSE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS YEARS ENDED AUGUST 31, 2005 AND 2004 UNRESTRICTED NET ASSETS Support Contributions Grants Special events Memorials Investment income -Note 8 Resident fees Net assets released from restrictions -Note 7 Total support Expenses Program services Transitional housing and related support services Supporting services Management and general Fundraising Total supporting services Total expenses I Support less than expenses 2005 2004 $ 151,426 $ 153,905 105,564 121,037 89,031 32,710 2,911 4,333 5,015 3,680 269 2,248 15,597 23,504 369,813 341,417 267,383 276,245 78,832 69,897 51,155 42,167 129,987 112,064 397,370 388,309 (27,557) (46,892) Other changes in unrestricted net assets Grants For property and equipment Reclassification of net assets Total other changes in unrestricted net assets Decrease in umestricted net assets I I TEMPORARILY RESTRICTED NET ASSETS Contributions Reclassification of net assets Net assets released from restrictions -Note 7 Increase (decrease) in temporarily restricted net assets PERMANENTLY RESTRICTED NET ASSETS Contributions Increase in value of beneficial interest in net assets of community foundation Reclassification of net assets Increase in permanently restricted net assets TOTAL DECREASE IN NET ASSETS NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR See notes to financial statements. 22,684 (500) (10,000) (500) ]2,684 (28,057) (34,208) 30,762 13,117 500 - (15,597) (23,504) 15,665 (10,387) 5,000 788 176 - 10,000 788 15,176 (11,604) (29,419) 732,664 762,083 $ 721,060 $ 732,664 3 OPENING DOORS d/b/a MARIA HOUSE STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED AUGUST 31, 2005 Program Services Supporting Services Transitional Housing and Related Total Support Management Supporting Total Services and General Fundraising Services Expenses Salaries and benefits $ 158,368 $ 51,700 $ 40,632 $ 92,332 $ 250,700 Payroll taxes 10,303 3,364 2,644 6,008 16,311 Professional fees - 4,549 - 4,549 4,549 Supplies 2,691 5,274 2,564 7,838 10,529 Insurance 16,428 685 330 1,015 17,443 Training and seminazs 6,450 - - - 6,450 Memberships and dues - 1,255 - 1,255 1,255 Lease 18,240 864 96 960 19,200 Urilities 2,074 2,074 218 2,292 4,366 Repairs and maintenance 1,243 62 3 65 1,308 Depreciation and amortization 35,1 I 1 6,098 602 6,700 41,811 Assistance 170 - - - 170 Food 5,277 - - - 5,277 Newsletter 3,960 - 990 990 4,950 Persona] items 724 - - - 724 Other 6,344 2,907 3,076 5,983 12,327 Total expenses $ 267,383 $ 78,832 $ 51,155 $ 129,987 $ 397,370 See notes to financial statements. 4 OPENING DOORS d/b/a MARIA HOUSE STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED AUGUST 31, 2004 Program Services Supporting Services Transitional Housing and Related To[al Support Management Supporting Tota] Services and Genera] Fundraising Services Expenses Salaries and benefits $ 178,900 $ 46,737 $ 26,499 $ 73,236 $ 252,136 Payroll taxes 12,426 3,247 1,841 5,088 17,514 Professional fees - 4,414 - 4,414 4,414 Supplies 6,056 3,464 8,933 12,397 18,453 Insurance 9,902 390 390 780 10,682 Advertising - - 1,192 1,192 1,192 Training and seminars 4,636 - - - 4,636 Memberships and dues - 1,010 - 1,010 1,010 Lease 18,240 864 96 960 19,200 Utilities 2,159 2,158 227 2,385 4,544 Repairs and maintenance 3,651 182 10 192 3,843 Depreciation and amortization 24,948 5,350 512 5,862 30,810 Assistance 3,017 - - - 3,017 Food 4,292 - - - 4,292 Newsletter 2,340 - 585 585 2,925 Personal items 1,429 - - - 1,429 Other 4,249 2,081 1,882 3,963 8,212 Total expenses $ 276,245 $ 69,897 $ 42,167 $ 112,064 $ 388,309 See notes to financial statements. 5 L.J OPENING DOORS d/b/a MARIA HOUSE STATEMENTS OF CASH FLOWS YEAR5 ENDED AUGUST 31, 2005 AND 2004 OPERATING ACTNITIES Decrease in net assets Adjustments to reconcile decrease in net assets to net cash from (used for) operating activities Grants for property and equipment Grants and contributions of debt forgiveness Depreciation and amortization Changes in assets and liabilities Receivables Prepaid expenses Accounts payable Accrued expenses Salaries Vacation Payroll taxes NET CASH FROM (USED FOR) OPERATING ACTIVITIES INVESTING ACTIVITIES Purchase of property and equipment Grants for property and equipment Increase in beneficial interest in net assets of community foundation (Increase) decrease in cash restricted by donors Decrease in cash limited as to use by the Board Net change in unconditional promises to give NET CASH FROM (USED FOR) INVESTING ACTNITIES INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUNALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR See notes to financial statements. 2005 2004 $ (11,604) $ (29,419) - (22,684) (11,735) (11,735) 41,811 30,810 8,845 14,664 (3,462) (2,316) (794) (33) (332) 4,416 2,942 307 132 (107) 25,803 (16,097) (10,590) (31,656) - 22,684 (7ss) (IS,176) (32,498) 5,202 8,671 31,418 14,541 7,477 (20,664) 19,949 5,139 3,852 62,865 59,013 $ 68,004 $ 62,865 6 OPENING DOORS STATEMENTS OF CASH FLOWS YEARS ENDED AUGUST 31, 2007 AND 2006 OPERATING ACTNITIES Increase in net assets Adjustments to reconcile change in net assets to net cash from operating activities Grants for property and equipment Gain on sale of property and equipment Grants and contributions of debt forgiveness Depreciation and amortization Changes in assets and liabilities Receivables Prepaid expenses Accounts payable Accrued expenses Salaries Vacation Payroll taxes Interest NET CASH FROM OPERATING ACTNITIES INVESTING ACTNITIES Purchase of property and equipment Proceeds from sale of property and equipment Grants for property and equipment Increase in beneficial interest in net assets of community foundation (increase) decrease in cash restricted by donors (Increase) decrease in cash limited as to use by the Board Net change in unconditional promises to give NET CASH USED FOR INVESTING ACTNITIES FINANCING ACTNITIES Repayment of debt Proceeds from issuance of debt NET CASH FROM (USED FOR) FINANCING ACTIVITIES INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUNALENTS AT BEGINNING OF YEAR CASH AND CASH EQUNALENTS AT END OF YEAR 2007 2006 $ 60,424 $ 134,084 (8,212) (25,897) (100) - (11,735) (11,735) 52,341 44,859 (30,806) 333 13,467 (3,241) (15,960) 17,146 1,323 (7,202) 6,642 2,154 - (132) (186) 5,842 67,198 156,211 (29,918) (353,928) 100 - 8,212 25,897 (506) (354) (18,333) 5,059 16,376 (15,319) 5,000 4,945 (19,069) (333,700) (5,638) (2,710) - 200,000 (5,638) 197,290 42,491 19,801 87,805 68,004 $ 130,296 $ 87,805 See notes to financial statements. 6 Supporting Services Total Management Supporting Total and General Fundraising Services Expenses $ 55,386 $ 61,509 $ 116,895 $ 301,725 4,043 4,490 8,533 26,466 5,531 - 5,531 5,531 4,942 3,280 441 250 8,222 12,826 691 14,444 - 3,096 1,423 - 1,423 1,423 10 10 20 52 873 97 970 19,400 4,003 421 4,424 8,426 202 11 213 4,263 6,518 637 7,155 44,859 - - - 9,820 - - - 106 - - 7,382 - 1,145 1,145 5,726 - - - 113 3,027 2,761 5,788 10,800 $ 86,399 $ 74,611 $ 161,010 $ 476,458 I 5 I. OPENING DOORS STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED AUGUST 31, 2006 Program Services Total Transitional Emergency Program Housing Shelter Services Salaries and benefits $ 175,706 $ 9,124 $ 184,830 Payroll taxes 12,828 5,105 17,933 Professional fees _ _ _ Supplies 2,161 2,443 4,604 Insurance 13,378 375 13,753 Training and seminars 2,894 202 3,096 Memberships and dues _ _ _ Mileage 32 - 32 Lease 18,002 428 18,430 Utilities 2,221 1,781 4,002 Repairs and maintenance 3,350 700 4,050 Depreciation and amortization 35,690 2,014 37,704 Interest Assistance Food Newsletter Personal items Other - 9,820 9,820 106 - 106 6,960 422 7,382 4,146 43S 4,581 109 4 113 3,862 1,150 5,012 Total expenses $ 281,445 $ 34,003 $ 315,448 See notes to financial statements. Sup porting Services Total Management Supporting Total and General Fundraising Services Expenses $ 47,110 $ 41,328 $ 88,438 $ 358,321 5,139 4,508 9,647 32,928 6,503 - 6,503 6,503 4,426 692 5,118 9,833 574 382 956 19,128 - - - 5,567 1,248 - 1,248 1,248 918 102 1,020 ~ 20,400 5,422 571 5,993 11,416 210 11 221 4,424 6,479 602 7,081 52,341 - - - 5,641 - - - 78 - - - 5,222 - 1,359 1,359 6,797 - - - 187 2,770 975 3,745 15,329 $ 80,799 $ 50,530 $ 131,329 $ 555,363 4 OPENING DOORS STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED AUGUST 31, 2007 Salaries and benefits Payroll taxes Professional fees Supplies Insurance Training and seminars Memberships and dues Lease Utilities Repairs and maintenance Depreciation and amortization Interest Assistance Food Newsletter Personal items Other Total expenses Program Services Total Transitional Emergency Program Housing Shelter Services $ 160,885 $ 108,998 $ 269,883 17,548 5,733 23,281 2,519 2,196 4,715 13,925 4,247 18,172 4,450 1,117 5,567 19,380 - 19,380 1,974 3,449 5,423 3,832 371 4,203 35,361 9,899 45,260 - 5,641 5,641 24 54 78 4,634 588 5,222 3,973 1,465 5,438 182 5 187 6,337 5,247 11,584 $ 275,024 $ 149,010 $ 424,034 See notes to financial statements. OPENING DOORS STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS YEARS ENDED AUGUST 31, 2007 AND 2006 UNRESTRICTED NET ASSETS Support Bequests Contributions Grants -transitional housing Grants -emergency shelter Special events -transitional housing Special events -emergency shelter Memorials -transitional housing Memorials -emergency shelter Investment income -transitional housing -Note 8 Investment income -emergency shelter -Note 8 Resident fees Net assets released from restrictions -Note 7 Total support Expenses Program services Transitional housing Emergency shelter Total program services Supporting services Management and general Fundraising Total supporting services Total expenses Support in excess of expenses Other changes in unrestricted net assets Grants for property and equipment Gain on sale of property and equipment Total other changes in unrestricted net assets Increase in unrestricted net assets TEMPORARILY RESTRICTED NET ASSETS Contributions Net assets released from restrictions -Note 7 Increase (decrease) in temporarily restricted net assets TOTAL INCREASE IN NET ASSETS NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR 2007 2006 $ 26,601 $ - 181,496 288,911 130,320 104,708 zl,ooo _ 129,424 133,666 33,377 3,302 11,985 3,403 129 881 11,107 6,781 640 763 5,193 5,167 42,363 46,713 593,635 594,295 275,024 281,445 149,010 34,003 424,034 315,448 80,799 86,399 50,530 74,611 131,329 161,010 555,363 476,458 38,272 117,837 8,212 25,897 100 _ 8,312 25,897 46,584 143,734 56,203 37,063 (42,363) (46,713) 13,840 (9,650) 60,424 134,084 850,144 716,060 $ 910,568 $ 850,144 See notes to financial statements. 3 LIABILITIES AND NET ASSETS CURRENT LIABILITIES 2007 2006 Accounts payable $ 1,502 $ 17,462 Resident escrow funds 3,869 1,841 Accrued expenses Salaries 5,475 4,152 Vacation 24,344 17,702 Interest 5,656 5,842 Current maturities of long-term debt -Note 6 17,545 17,357 Total current liabilities 58,391 64,356 LONG-TERM DEBT, less current maturities -Note 6 327,638 345,199 Total liabilities 386,029 409,555 NET ASSETS Unrestricted 840,560 793,976 Temporarily restricted -Note 7 60,008 46,168 Permanently restricted -Note 7 10,000 10,000 Total net assets 910,568 850,144 Total liabilities and net assets $ 1,296,597 $ 1,259,699 2 OPENING DOORS STATEMENTS OF FINANCIAL POSITION AUGUST 31, 2007 AND 2006 ASSETS CURRENT ASSETS Cash and cash equivalents Cash -resident escrow Receivables Bequest Grants -Note 2 Other Unconditional promises to give -Note 3 Prepaid expenses Total current assets ASSETS LIMITED AS TO USE OR RESTRICTED Beneficial interest in net assets of the Community Foundation -Note 4 Cash restricted by donors Cash limited as to use by the Board Total assets limited as to use or restricted PROPERTY AND EQUIPMENT, net -Note 5 Total assets 2007 2006 $ 130,296 $ 87,805 3,869 1,841 25,000 - 19,762 14,056 100 - - 5,000 - 13,467 179,027 122,169 11,824 11,318 58,183 39,850 219,923 236,299 289,930 287,467 827,640 850,063 $ 1,296,597 $ 1,259,699 See notes to fmancial statements.