Mercy Haven's Financial Statement
 2008 - 2007 Consolidated Statements of Activities and Changes in Net Assets
2008 2007
Revenues
Government contracts and grants  $2,843,316  $2,465,396
Residence fees 1,146,461 1,111,658
Resident services 1,057,142 829,771
Capital grants 210,086 193,913
Fundraising income 120,740 146,416
Contributions 193,212 255,326
Other 24,039 19,066
Total Revenues    5,594,996    5,021,546
Expenses
Program services    4,934,536    4,638,750
Supporting services 625,761 491,481
Fundraising and development 119,947 133,379
Total Expenses    5,680,244    5,263,610
Deficiency of Revenues under Expenses        (85,248)      (242,064)
Other Income (Loss)
Interest and dividend income         29,996         41,720
Realized gain (loss) on investments (7,073) 4,207
Unrealized gain (loss) on investments (207,376) 29,559
Total Other Income (Loss)      (184,453)         75,486
Change in Net Assets      (269,701)      (166,578)
Net Assets, Beginning of Year    3,437,570    3,604,148
Net Assets, End of Year  $3,167,869  $3,437,570
* The figures presented above are derived from the Consolidated Financial Statements audited by Nawrocki Smith, LLP
Mercy Haven's mission is to engage and support Long Island's most at-risk residents.
Through advocacy, housing, supportive services, education and outreach
we offer the community a place to experience and practice compassion.
...Where experience and creative solutions come together to open the door of possibility for those most in need
859 Connetquot Avenue Suite 10 Islip Terrace, NY 11752 | 631 277-8300 P | 631 277-8394 F

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