2019 Annual Report

		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