| 2019 | 2020 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets: | |||
| Cash | $2,768,959 | $493,968 | |
| Investments, at Fair Value | $28,259 | $32,892 | |
| Interest Receivable | $24,094 | $43,357 | |
| Current portion of Notes Receivable | $129,324 | $1,034,700 | |
| Grants and other Receivables | $38,383 | $45,753 | |
| Funds held for others | $61,713 | $119,998 | |
| Current portion of Mortgages Receivable | $43,256 | $15,437 | |
| Prepaid Expenses and other Assets | $16,164 | $20,098 | |
| Financing Receivables: | |||
| Current Portion of Construction Financing Receivables | $4,179,215 | $9,981,622 | |
| Less: Allowances For Losses of $25,000 | $25,000 | $25,000 | |
| Total Financing Receivables | $4,154,215 | $9,956,622 | |
| Total Current Assets | $7,264,367 | $11,762,825 | |
| Notes Receivable, net of Current Portion | $1,012,111 | $1,000,014 | |
| Due from affiliate-RHDFC | $116,877 | $70,815 | |
| Mortgages Receivable, net of Current Portion | $116,202 | $75,255 | |
| Construction financing receivables, net of current portion | $1,482,051 | $107,391 | |
| Tax Credit Fund | $451 | $403 | Property and Equipment, net | $3,723 | $3,295 |
| Total Assets: | $9,995,782 | $13,019,998 | |
| LIABILITIES & NET ASSETS | |||
| Current Liabilities: | |||
| Line of credit | - | $2,525,000 | |
| Accounts Payable | $769 | $5,848 | |
| Management fee payable-RHDFC | $5,650 | $12,288 | |
| Accrued Payroll, Vacation and Payroll Taxes | $16,773 | $21,443 | |
| Funds held for others | $61,713 | $119,998 | Deferred Revenue | 2,334 | $379,334 | Total Current Liabilities: | $87,239 | $3,063,911 |
| Net Assets: | |||
| Net Assets without donor restrictions | $6,619,532 | $6,649,071 | |
| Net Assets with donor restrictions | $3,289,011 | $3,307,016 | |
| Total Net Assets | $9,908,543 | $9,956,087 | |
| TOTAL LIABILITIES AND NET ASSETS: | $9,995,782 | $13,019,998 | |