Building for Ministry

building for ministry_small

We are engaged in fundraising to pay off the debt incurred as a result of the building renovation project. The most recent quarterly financial report for the Building for Ministry Debt Retirement appeal follows:

Building for Ministry Debt Retirement Appeal

Quarterly Financial Report

June 30, 2017

Total Amount Pledged to Debt Retirement Appeal $364,165
Retirement pledges received since start of appeal $214,384
Retirement pledges received in second quarter $29,334
Member loans converted to gifts in first quarter $0
Total  Retirement pledges outstanding $150,934
BMO Harris Loan
     Interest paid during second quarter  $879
     Principal paid during second quarter  $3,508
     Outstanding principal remaining $74,113
MG&E loan
      Interest paid during second quarter  $1,712
      Principal paid during second quarter  $7,868
      Outstanding principal remaining  $123,302
 Member loans
     Interest paid during second quarter $200
     Loan repayments during second quarter $0
     Outstanding loans $120,000
Total Indebtedness $317,415
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