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<br /> HOMELESS ASSISTANCE CENTER, INC .
<br /> Statement of Activities
<br /> Year ended June 30 , 2002
<br /> (with summarized information for the year ended June 30 , 200 1 )
<br /> Temporarily All Funds Combined
<br /> Unrestricted Restricted 2002 2001
<br /> Revenues and other support :
<br /> Contributions (note 9) $ 2051545 50 , 568 2563113 1 , 080 , 901
<br /> Fundraising income 703522 - 705522 138 , 598
<br /> Grants (notes 8 and 9 ) 316 , 845 493 , 568 810 ,413 128 ,284
<br /> Interest and miscellaneous income 11710 - 1 , 710 11 , 863
<br /> 5945622 5443136 11138 , 758 1 , 359 , 646
<br /> Net assets released from restrictions
<br /> (note 9) 274 , 343 (274 , 343 ) - -
<br /> Total revenues and other support 8685965 269 , 793 1 , 138 , 758 1 , 359 , 646
<br /> Expenses (note 10) :
<br /> Salaries and related expenses 2925563 - 292 , 563 254 , 641
<br /> Fundraising 195381 - 19 , 381 181408
<br /> Temporary housing 28 , 381 - 28 , 381 -
<br /> Client expenses 123576 - 125576 145532
<br /> Occupancy 565718 - 56 , 718 455214
<br /> Repairs and maintenance 135333 - 13 , 333 6 , 353
<br /> Utilities 25 , 591 - 25 , 591 171139
<br /> Insurance 17 , 632 - 17 , 632 7 , 953
<br /> Depreciation 163687 - 16 , 687 61565
<br /> Supplies and postage 45469 ' - 4 , 469 12 ,461
<br /> Telephone 9, 107 - 9 , 107 7 ,220
<br /> Automobile 2 , 716 - 2 , 716 41690
<br /> Equipment rent 63698 - 6 , 698 6 , 557
<br /> Advertising 13567 - 15567 1 , 318
<br /> Professional fees 7, 190 - 7 , 190 115681
<br /> Interest expense (note 6) 2, 118 - 21118 906
<br /> Miscellaneous expenses 5 , 943 - 5 , 943 81298
<br /> Loss on disposal of assets 678 - 678 782
<br /> Total expenses 523 , 348 - 523 , 348 424 , 718
<br /> Transfer of leasehold interests (note 5 ) (32 , 389) (6294588) 661 977) -
<br /> Change in net assets 3132228 (359, 795 ) (46 , 567) 934 ,928
<br /> Net assets at beginning of year 358 , 197 798 , 260 1 , 156 ,457 221 , 529
<br /> Net assets at end of year $ 671 ,425 438 ,465 1 , 109 , 890 1 , 156 ,457
<br /> See accompanying notes to financial statements .
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