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% |