Redeemer Lutheran Church Annual Financial Report

For the Fiscal Year Ending May 31, 2026

Over the past few years, through your generosity, we were able to complete our Fearless and Faithful campaign to outfit Redeemer with a new kitchen, a beautiful event space, and multiple office spaces to serve our community in need.  Below is the summary of how those resources were stewarded for the Kingdom.

 

Annual Financial Summary (Operational)

Total income: 278,935.60$

Total expense: 273,247.20$

 

Fund Balances (as of 2026.04.14)

BMO Harris Checking   17,845$

BMO Harris Money Market 141,015$

Fidelity   63,151$

 

Current Liabilities (as of 2026.03.31)

Mission Investment Fund (MIF) Loan 425,732.86$

Monthly P&L payments of 4,611$

25 yr fixed interest rate @ 7.125%

Bader Loan 350,000$

Payment due in May 2030

Interest rate @ 2%

 

Through your stewardship, we were able to pay for the majority of the construction costs, and even pay down the original MIF loan of 1.3 million dollars to now just 425,000$.  This incredible feat has not only strengthened our foundation but has expanded our capacity to serve those in need.  Every dollar reflected in these pages represents a soul fed, a family supported, and a stranger saved.  As we review this report, we see more than just financial numbers; we see ourselves as a community committed to living out the Word.

 

With Deep Appreciation,

Chan D Tran