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

March 31, 2017

Total Amount Pledged to Debt Retirement Appeal $364,165
Retirement pledges received since start of appeal $185,049
Retirement pledges received in first quarter $17,837
Member loans converted to gifts in first quarter $0
Total  Retirement pledges outstanding as of 3/31/2017 $183,178
BMO Harris Loan
     Interest paid during first quarter  $920
     Principal paid during first quarter  $3,467
     Outstanding principal remaining $77,621
MG&E loan
      Interest paid during first quarter  $1,723
      Principal paid during first quarter  $7,807
      Outstanding principal remaining  $131,169
 Member loans
     Interest paid during first quarter $66
     Loan repayments during first quarter $5,000
     Outstanding loans $120,000
Total Indebtedness $328,791

 

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