We apologize for the delay in providing our April 2020 financial update. Nevertheless, we are always here to provide you with details of our monthly activity and answer any questions you may have. Below is our update:
1) April 2020 Financials
Revenue for the month of March was $7,140 (+$445 YoY*). Although we are very thankful and encouraged with our consistent revenue for another month, we did experience a slight drop in our recurring giving (which is when someone signs up to tithe automatically).
This drop was expected, given the ongoing economic impact of COVID-19. Yet, we did not experience a drop in revenue because we were blessed with a few one-time (or non-recurring) donations that made up for the drop in recurring giving.
Click HERE to view our monthly financial documents on Google Drive!
YoY stands for “Year-over-Year”, which is used to compare how we did this month with last year.
2) Salary and Rent Payments
We have continued to make regular payments to Lincoln’s Beard for our monthly rent in the hopes that it will help them during this difficult time. In addition, we have continued to pay Pastor Eric and our Children’s Director, Monica Lopez de Victoria, their regular salaries.
Please continue to stay safe and connected during these troubling times. If anyone needs anything at all, please contact us, your Missional Community leader or Pastor Eric.
The Finance Team