Financials Year ended December 31, 2020

Current Assets

Cash and Cash Equivalents: $19,520,404
Funds Held for Others: $287,329
Investments: $10,862,136
FHLB Stock: $52,600
Grants and Contributions Receivables: $150,980
Interest Receivable: $511,676
Other Receivables: $26,773
Notes Receivable, Net of Allowance: $24,085,954
Prepaids and Deposits: $63,993
Total Current Assets: $55,561,845

Long-Term Assets

Notes Receivable, Net of Allowance: $65,328,663
Investment in Limited Liability Companies: $1,450
Office Equipment, Net of Accumulated Depreciation: $172,096
Leasehold Improvements, Net of Accumulated Depreciation: $234,801
Total Long-term Assets: $65,737,010

Total Assets $121,298,855

Current Liabilities

Accounts Payable: $2,232,431
Accrued Liabilities: $282,517
Refundable Advances: $65,148
Funds Held for Others: $287,329
Interest Payable: $39,000
Notes Payable: $1,055,359
Senior Loans Payable: $4,830,266
Subordinated Loans Payable: $5,000,000
Total Current Liabilities: $13,792,050

Long-term Liabilities

Notes Payable, Less Current Portion: $29,814,258
Senior Loans Payable, Less Current Portion: $34,632,264
Subordinated Loans Payable, Less Current Portion: $10,450,000
Total Long-term Liabilities: $74,896,522

Total Liabilities $88,688,572

Net Assets

Without Donor Restrictions: $24,314,964
Undesignated: $6,594,722
Board Designated: $17,720,242

With Donor Restrictions: $8,295,319
Total Net Assets: $32,610,283

Total Liabilities and Net Assets $121,298,855

Activity

Revenue

Grants and Contributions: $5,267,278
Donated Services: $794,448
Earned Income: $6,112,924
Miscellaneous: $20,325
Total Revenue: $12,194,975

Expenses

Program: $8,311,147
Administrative: $1,539,722
Fundraising: $184,326
Total Expenses: $10,035,195