| 2018 | 2017 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets: | |||
| Cash | $2,427,535 | $3,552,450 | |
| Investments, at Fair Value | $23,204 | $2,686,108 | |
| Interest Receivable | $22,036 | $6,536 | |
| Current portion of Notes Receivable | $265,121 | - | |
| Grants and other Receivables | $55,735 | $49,957 | |
| Funds held for others | $294,744 | - | |
| Current portion of Mortgages Receivable | $40,476 | $37,874 | |
| Prepaid Expenses and other Assets | $15,119 | $16,134 | |
| Financing Receivables: | |||
| Current Portion of Construction Financing Receivables | $7,173,391 | $1,225,000 | |
| Less: Allowances For Losses of $25,000 | $25,000 | $25,000 | |
| Total Financing Receivables | $7,148,391 | $1,200,000 | |
| Total Current Assets | $10,292,361 | $7,549,059 | |
| Notes Receivable, net of Current Portion | $1,303,114 | $2,113,936 | |
| Mortgages Receivable, net of Current Portion | $159,457 | $199,933 | |
| Tax Credit Fund | $525 | $571 | Property and Equipment, net | $4,125 | $3,723 |
| Total Assets: | $11,759,582 | $9,867,222 | |
| LIABILITIES & NET ASSETS | |||
| Current Liabilities: | |||
| Accounts Payable | $523 | $1,030 | |
| Management fee payable-RHDFC | $9,084 | $24,939 | |
| Accrued Payroll, Vacation and Payroll Taxes | $14,416 | $10,457 | |
| Construction financing participation loan | $1,660,252 | - | |
| Funds held for others | $294,744 | - | Deferred Revenue | $2334 | $2334 | Total Current Liabilities: | $1,981,353 | $38,760 |
| Net Assets: | |||
| Net Assets without donor restrictions | $6,534,437 | $6,606,621 | |
| Net Assets with donor restrictions | $3,243,792 | $3,221,841 | |
| Total Net Assets | $9,778,229 | $9,828,462 | |
| TOTAL LIABILITIES AND NET ASSETS: | $11,759,582 | $9,867,222 | |