2023 financial results

Thanks to continued support particularly from individual donors, as well as many new donors this year, the Old Soldiers Home Foundation raised over $28,000 this year. We spent nearly $42,000 on programs focused on improving the quality of life for enlisted veterans residing at the Armed Forces Retirement Home, including:

• Replacing pool entry chairs to help residents with mobility issues enjoy the therapy pool

• Extending our support to the Gulfport campus with a new recumbent trainer for residents and their physical therapists to use in the gym

• Helped sustain the golf course with by replacing the range ball collector and maintenance on the golf carts, mowers, and irrigation system

• Added new community events including volunteer appreciation and game night, as well as our second annual Veterans Day celebration

• Repeated contributions to get the gardening program up and running for the season

We rolled out a new website and email management service to help us keep in touch with supporters, and reduced fundraising expenses.

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2023 Financial Summary

Activities

• Total contributions and miscellaneous revenue - $23,272

• Total expenses - $45,638

  • Program expenses - $41,856

  • Fundraising expenses - $2,137

  • Management and general expenses - $1,644

• Net loss - $17,365

Financial Position

• Assets - $108,748

• Liabilities - $944

• Net Assets - $107,805