October 2023
feasiblity report
Church in the Square
Current
40 giving units
01
Annual
Giving:
$250,000
02
Monthly Giving:
$20,800
03
Monthly Giving Per Unit:
$520
04
Projected Annual Deficit:
-$60,000
potential*
40 giving units
01
Annual
Giving:
$364,000
02
Monthly Giving:
$30,300
03
Monthly Giving Per Unit:
$758
04
Projected Annual Deficit:
n/a
*Potential giving capacity based upon data from the July 2023 Chicago Metropolitan Agency for Planning report.
feasibility survey
27 giving units REPORTING
01
Annual
Giving:
$385,975
02
Monthly Giving:
$32,165
03
Monthly Giving Per Unit:
$804*
04
One-time gifts planned:
$64,340**
*Based on 40 giving units though only 27 reporting.
**One-time gifts not included in 2024 projected annual giving.
immediate Implications
-$60,000
Close the 2023 deficit.
$306,417
Build up savings in 2024 for down payment.
$1,532,086
Continue looking for a new location.
$172,077
Consider outside funding to close savings gap.
October 2023
feasiblity report
Church in the Square