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Financial Projections
The following includes the projected costs to expand operations for C.O.R. Foundation and the five ministries associated with it. These numbers are listed as yearly expenses, which are broken down into monthly need except for the Home/Land purchase for Peter's Place. This cost will be spread out over the course of three years and with this in mind, a monthly projection is proposed.
Expenses
| Peter's Place Home/Land |
$500,000.00 (3 Years) |
| Peter's Place Furnishings |
$100,000.00 |
| Vehicle |
$25,000.00 |
| Day-to-Day Operations |
$48,000.00 |
| Program Expenses |
$15,000.00 |
| Advertising |
$7,000.00 |
| Fundraising |
$10,000.00 |
| Office Equipment |
$15,000.00 |
| Salaries |
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| • Director |
$45,000.00 |
| • Counselor |
$40,00.00 |
| • Admin. Asst. |
$15,000.00 |
| • House Manager |
$10,000.00 |
| • Part-Time Staff |
$30,000.00 |
| Health Insurance |
$20,000.00 |
| Car Insurance |
$ 2,000.00 |
| Home Owners Insurance |
$ 4,000.00 |
| Real Estate Taxes |
$ 5,000.00 |
| Office Supplies |
$ 5,000.00 |
| Travel Expense |
$ 5,000.00 |
| Total |
$901,000.00/Year
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Please note: C.O.R. Foundation, NFP, tithes to other Christian Ministries from all financial gifts.
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