|
|
|
|
2018 |
|
2017 |
| ASSETS |
|
|
|
|
|
|
| Cash and Cash Equivalents |
|
|
$ |
22,184,008 |
$ |
13,386,031 |
| Accounts and Contracts Receivable, Net |
|
|
|
5,545,692 |
|
3,371,393 |
| Accounts and Contracts Receivable – Related Party |
|
|
|
3,836,346 |
|
6,144,115 |
| Pledges Receivable |
|
|
|
7,503,281 |
|
7,579,508 |
| Prepaid Expenses and Other Assets |
|
|
|
1,913,024 |
|
1,291,838 |
| Investments |
|
|
|
43,073,660 |
|
44,066,603 |
| Interest in Split Interest Agreements |
|
|
|
3,999,900 |
|
3,553,832 |
| Loans Receivable |
|
|
|
25,121,040 |
|
9,694,000 |
| Loans Receivable – Related Party |
|
|
|
10,273,076 |
|
1,265,337 |
| Land, Building, and Equipment – Net |
|
|
|
39,033,432 |
|
36,460,599 |
| Land and Buildings Held for Sale |
|
|
|
42,697 |
|
137,697 |
| Total Assets |
|
|
$ |
162,526,156 |
$ |
126,950,953 |
|
|
|
|
|
|
|
| LIABILITIES AND NET ASSETS |
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
| Accounts Payable |
|
|
$ |
2,901,144 |
$ |
1,502,754 |
| Accrued Payroll and Payroll Expenses |
|
|
|
3,470,207 |
|
3,458,584 |
| Other Accrued Liabilities |
|
|
|
720,885 |
|
881,641 |
| Obligations of Split-Interest Agreements |
|
|
|
1,537,556 |
|
1,795,998 |
| Accrued Pension Liability |
|
|
|
2,256,900 |
|
3,493,941 |
| Notes and Mortgages Payable |
|
|
|
42,094,736 |
|
17,144,181 |
| Total Liabilities |
|
|
|
52,981,428 |
|
28,277,099 |
|
|
|
|
|
|
|
| NET ASSETS |
|
|
|
|
|
|
| Unrestricted |
|
|
|
76,223,009 |
|
60,177,305 |
| Temporarily Restricted |
|
|
|
27,252,172 |
|
32,468,211 |
| Permanently Restricted |
|
|
|
6,069,547 |
|
6,028,338 |
| Total Net Assets |
|
|
|
109,544,728 |
|
98,673,854 |
|
|
|
|
|
|
|
| Total Liabilities and Net Assets |
|
|
$ |
162,526,156 |
$ |
126,950,953 |
|
|
|
|
|
|
|