|
8
<br /> Financial at nt
<br /> Statement of Financial Position Statement of Activities
<br /> Current assets Support and revenue
<br /> Cash and cash equivalents $2,400,803 Contributions $1,225,885
<br /> Accounts receivable 187,643 Grants and contracts 1,804,997
<br /> Contributions receivable 402,742 Loan repayments 16,186
<br /> Prepaid expenses 3,119 Sales of workshop manuals 31,278
<br /> Security deposit 700 In-kind contribution 59,194
<br /> Inventory 18,605 Interest 7,460
<br /> Total current assets 3,013,612 Other 30,486
<br /> Property and equipment-net 114,078 Subtotal 3,175,486
<br /> Total assets 3,127,690 Total support and revenue 3,175,486
<br /> Liabilities and net assets Expenses
<br /> Current liabilities: i Program services 2,684,151
<br /> Accounts payable 236,123 Management and general 149,685
<br /> Due to HECAT 250,000 Fundraising 38,511
<br /> Accrued expenses 46,992
<br /> Funds held for others 13,655 Total expenses 2,872,347
<br /> Capital lease-short term 3,623 j Change in net assets 303,139
<br /> Total current liabilities 550,393
<br /> Net assets - beginning of year 2,272,272
<br /> Non-current liabilities:
<br /> Capital lease-long term 1,886 Net assets - end of year 2,575,411
<br /> Total liabilities 552,279
<br /> Other
<br /> Net assets: 4.6% Revenue
<br /> Unrestricted:
<br /> Undesignated 1,304,355 tits
<br /> Board designated: u
<br /> Mortgage foreclosure prevention
<br /> loan pool 196,580
<br /> Reserves 209,027 .
<br /> Total board designated 405,607 Grants&Contracts
<br /> Total unrestricted 1,709,962 56,8%
<br /> Temporarily restricted 865,449 Administration
<br /> 5%
<br /> Total net assets 2,575,411
<br /> Fundraising
<br /> Total liabilities j Expenses 1%
<br /> and net assets 3,127,690 ° x'
<br /> ,A Program Delivery
<br /> Minnesota 94%
<br /> Homeownership
<br /> Center
<br /> www.hocmn.org
<br />
|