Financial Data
Financial Data
The following information offers a portrait of our organization in numbers. For more information, please feel free to take a look at our Annual Reports, too!
CONSOLIDATED STATEMENT OF FINANCIAL POSITION*
DECEMBER 31, 2005
ASSETS
| Current Assets: | |
| Cash and cash equivalents | $147,568 |
| Restricted cash | $62,351 |
| Investments | $2,101 |
| Accounts receivable: | |
| - Grant | $104,519 |
| - Program service fees | $5,622 |
| - Related party | $305,535 |
| - Other accounts receivable | $67,421 |
| Prepaid expenses | $7,981 |
| Total current assets | $703,098 |
| Buildings and equipment, net | $3,947,123 |
| Other Assets: | |
| - Deposits | 2,500 |
| - Investments - other | 310,652 |
| - Accounts receivable - related party | 52,054 |
| - Loans receivable - related party | 528,500 |
| Properties in development | 5,000 |
| Total other assets | $898,706 |
| Total assets | $5,548,927 |
LIABILITIES AND NET ASSETS
| Current liabilities: | |
| Accounts payable | $150,727 |
| Accrued liabilities | $68,152 |
| Refundable advance | $63,225 |
| Current portion of notes payable | $419,721 |
| Line of credit | $100,000 |
| Security deposits | $25,784 |
| Total current liabilities | $827,609 |
| Long-term liabilities: | |
| Notes payable - net of current portion | $3,809,321 |
| Total liabilities | $4,636,930 |
| Net Assets: | |
| Unrestricted | |
| - Undesignated | $842,354 |
| - Designated for major repair reserve | $36,120 |
| Total unrestricted | $878,474 |
| Temporarily restricted | $33,523 |
| Total net assets | $911,997 |
| Total liabilities and net assets | $5,548,927 |
*These statements were independently audited by Plante & Moran, PLLC.
