Financials

2019 Annual Financial Report

Consolidated Balance Sheet

2019 2018
ASSETS
Cash and Cash Equivalents $ 18,319,002 $ 22,184,008
Accounts and Contracts Receivable, Net 3,576,409 5,544,245
Accounts and Contracts Receivable – Related Party 460,791 3,572,318
Pledges Receivable 5,163,177 7,503,281
Prepaid Expenses and Other Assets 1,468,061 2,002,727
Investments 42,445,928 42,983,957
Charitable Trusts Receivable 2,724,860 3,999,900
Loans Receivable 25,121,040 25,121,040
Loans Receivable – Related Party 7,397,962 10,538,551
Land, Building, and Equipment, Net 51,891,920 39,033,432
Land and Buildings Held for Sale 42,697 42,697
Total Assets $ 158,611,847 $ 162,526,156
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts Payable $ 5,423,517 $ 2,901,144
Accrued Payroll and Payroll Expenses 3,743,324 3,470,207
Other Accrued Liabilities 956,821 720,885
Obligations of Split-Interest Agreements 918,160 1,537,556
Accrued Pension Liability 3,404,499 2,256,900
Notes and Mortgages Payable 38,261,519 42,094,736
Total Liabilities 52,707,840 52,981,428
NET ASSETS
Without Donor Restrictions 80,451,086 80,572,171
With Donor Restrictions 25,452,921 28,972,557
Total Net Assets 105,904,007 109,544,728
Total Liabilities and Net Assets $ 158,611,847 $ 162,526,156

2019 2018
Without Donor
Restrictions
With Donor
Restrictions
Total Without Donor
Restrictions
With Donor
Restrictions
Total
REVENUE AND SUPPORT
Revenue:
Government Fees and Grants $ 22,028,877 $ $ 22,028,877 $ 22,881,668 $ $ 22,881,668
Program Service Fees 9,960,895 9,960,895 10,530,248 10,530,248
Other Revenues 637,925 637,925 2,615,494 2,615,494
Total Revenue 32,627,697 32,627,697 36,027,410 36,027,410
Support:
Contributions and Private Grants, Net 16,614,665 2,220,808 18,835,473 17,476,819 7,282,723 24,759,542
United Way 575,300 575,300 877,500 877,500
Total Support 16,614,665 2,796,108 19,410,773 17,476,819 8,160,223 25,637,042
Net Assets Released from Restrictions 6,679,772 (6,679,772) 14,890,941 (14,890,941)
Total Revenue and Support 55,922,134 (3,883,664) 52,038,470 68,395,170 (6,730,718) 61,664,452

Use of Funds
Housing Stability Services $ 25,715,735 46%
Children and Family Services 10,478,359 19%
Aging and Disability Services 5,831,222 10%
Advocacy and Other Client Programs 5,651,397 10%
Management and General 5,610,351 10%
Fundraising 3,179,760 6%
Total $ 56,466,824 100%

Donate Now ENews