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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