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

December 31, 2017

Total Amount Pledged to Debt Retirement Appeal $364,165
Retirement pledges received since start of appeal $295,084
Retirement pledges received in fourth quarter $66,424
Member loans converted to gifts in fourth quarter $0
Total  Retirement pledges outstanding $69,448
BMO Harris Loan
     Interest paid during fourth quarter  $798
     Principal paid during fourth quarter  $3,589
     Outstanding principal remaining $66,986
MG&E loan
      Interest paid during fourth quarter  $1,380
      Principal paid during fourth quarter  $8,255
      Outstanding principal remaining  $107,320
 Member loans
     Interest paid during fourth quarter $200
     Loan repayments during fourth quarter $0
     Outstanding loans $120,000
Total Indebtedness $294,305