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Finances

Financing the Construction

Outstanding Loans - $4.95 million

Repayment of Patron Loans

After meeting all the expenses, the temple needs to generate surplus funds to start repaying the patron loan. We want to generate surplus each year (i.e. net income after paying off all expenses) to start repaying the patron loans. Out of the total patron loan of $2,050,248, Directors loan as security is $920,000. Balance amount of the patron loan is $1,130,248. Table below shows the surplus amounts to be generated and the time required to repay the patron loans.

  • To repay loan in 2 years $54,000/month

    Surplus income to be generated.
    $54,000 / month or $648,000 / year

  • To repay loan in 3 years $36,000/month

    Surplus income to be generated.
    $36,000 / month or $432,000 / year

  • To repay loan in 4 years $27,000/month

    Surplus income to be generated.
    $27,000 / month or $325,000 / year

Major Sponsorships

$ 1
Dr. N Ramachandran and Family
$ 1
Dr. Anilkumar Menon and Family
$ 1
Gopinathan Menon and Family
$ 1
Dr. P Karunakaran Kutty and Family

Monthly Expenses - $60,000

Expenses Details

Utilities, repairs and maintenance, lawn, snow removal,  cleaning.

Full-time and part-time staff expenses and related taxes

Pooja items, bank charges, audit fee, office expenses

Mortgage and patron loan interests

Revenue Targets

Complete financial Picture

Get the whole picture of where the money is spent, where the revenue is lacking, what is being done to repay all the outstanding loans and commitments, and how you can help bridge the gaps.

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