2021 Finance Update
Our financial results through March 31st were very close to expectations. Giving was slightly above projections and expenses were slightly below budget. Thank you!
There was, however, still a significant operating deficit for the quarter, which was anticipated. Our second Paycheck Protection Program (PPP) loan/grant should cover the operating deficit into May. After that we will face a funding gap and will begin using reserves to support our mission. Additional giving would allow us to “stretch” our reserves, of course, and help ensure we continue to fulfill our mission. Please prayerfully consider donating a portion of a stimulus check or savings if possible.
While PPP funds and use of reserves will help meet our needs in 2021, we will continue to face a funding gap beyond 2021. Anticipated giving and tenant income at former levels will not be sufficient to support our mission. A task force has been formed to explore ways to fill the gap and is feeling hopeful that there are measures we can take that will provide necessary funds. More to come in the next several months.
Your continued financial support is critical to fulfilling our mission. We are doing church differently while making a difference in the world. The 35+ people signed up to help at this Sunday’s ACT event and the 50+ people who enjoyed the spiritual practice of our Good Friday service are proof of that! We thank you for your past support and look forward to being able to support our community and our mission endeavors in the future.
Thank you!
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