| 2019 | 2018 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets: | |||
| Cash | $3,020,039 | $2,427,535 | |
| Investments, at Fair Value | $28,259 | $23,204 | |
| Interest Receivable | $24,093 | $22,036 | |
| Current portion of Notes Receivable | $246,201 | $265,121 | |
| Grants and other Receivables | $38,383 | $55,735 | |
| Funds held for others | $348,125 | $294,744 | |
| Current portion of Mortgages Receivable | $43,256 | $40,476 | |
| Prepaid Expenses and other Assets | $16,164 | $15,119 | |
| Financing Receivables: | |||
| Current Portion of Construction Financing Receivables | $6,537,367 | $7,173,391 | |
| Less: Allowances For Losses of $25,000 | $25,000 | $25,000 | |
| Total Financing Receivables | $6,512,367 | $7,148,391 | |
| Total Current Assets | $10,276,887 | $10,292,361 | |
| Notes Receivable, net of Current Portion | - | $1,303,114 | |
| Mortgages Receivable, net of Current Portion | - | $159,457 | |
| Tax Credit Fund | $451 | $525 | Property and Equipment, net | $3,722 | $4,125 |
| Total Assets: | $10,281,060 | $11,759,582 | |
| LIABILITIES & NET ASSETS | |||
| Current Liabilities: | |||
| Accounts Payable | $769 | $523 | |
| Management fee payable-RHDFC | $5,650 | $9,084 | |
| Accrued Payroll, Vacation and Payroll Taxes | $16,773 | $14,416 | |
| Construction financing participation loan | - | $1,660,252 | |
| Funds held for others | $348,125 | $294,744 | Deferred Revenue | - | $2334 | Total Current Liabilities: | $371,317 | $1,981,353 |
| Net Assets: | |||
| Net Assets without donor restrictions | $6,620,732 | $6,534,437 | |
| Net Assets with donor restrictions | $3,289,011 | $3,243,792 | |
| Total Net Assets | $9,909,743 | $9,778,229 | |
| TOTAL LIABILITIES AND NET ASSETS: | $10,281,060 | $11,759,582 | |