Message from the Pastor - August, 2025
Dear parishioners and Friends of St Joseph Parish,
The DMI survey results identified an opportunity for us to provide more
financial transparency. The information shown here on our long-term debt
and end-of-year income/expenses will now be provided on an annual basis.
The long-term debt for the new church was $6,622,390 in 2011. Since then,
the parish has made payments in the amount $1,595,879 bringing the balance down to $5,026,511 on January 1, 2024. Since that time the debt has been further reduced by parish payments and by the large bequest of $2,750,00 by Monsignor Thomas Fitzsimmons. As shown on the chart, the current loan balance is $2,413,165.
The actual income/expenses for 2024-25 are provided for the fiscal year just ended on June 30. Take note that 88% of our income comes from the first collection. Fixed costs, debt service, and diocesan assessments account for 38% of spending and 20% was used for the operation of the plant, custodial, and maintenance of the grounds. See the charts for more specifics. Should you have any questions, please ask me, a member of the Finance Council or one of the Trustees.
Finance Council members: Angela Kelly (chair), Ann Mooney, Chuck Whinney
Trustees: Jim Terruso, Kathy Walters
Please know of my sincere gratitude for your generosity and commitment to our parish. Your continued financial support is vital to our mission, which is to build up the Body of Christ—the Church—in Sea Isle City.
Father Perry