Revenue & Expenses

Support & Revenue

 

Unrestricted Funds
Restricted Funds
In-Kind Contributions
Interest & Fees
SBA 504 Income
Other Income
Total Public Support & Revenues
Unrestricted Funds : $4,445,785
Restricted Funds : $1,667,000
In-Kind Contributions : $804,188
Interest & Fees : $7,087,782
SBA 504 Income : $1,083,756
Other Income : $903,141
Total Public Support & Revenues: $15,991,652
Unrestricted Funds : $6,732,036
Restricted Funds : $1,405,132
In-Kind Contributions : $534,342
Interest & Fees : $7,458,983
SBA 504 Income : $1,199,949
Other Income : $1,119,312
Total Public Support & Revenues: $18,449,754

Expenses

 

Program Services
Administration
Fundraising
Total Expenses
LLC Interest
Change in Net Assets
Program Services : $15,262,054
Administration : $880,599
Fundraising : $793,165
Total Expenses : $16,935,818
LLC Interest : $1,250,000
Change in Net Assets: $305,834
Program Services : $15,036,321
Administration : $1,081,411
Fundraising : $721,831
Total Expenses : $16,839,563
LLC Interest : -
Change in Net Assets: $1,610,191

Balance Sheet

Assets

 

Cash & Equivalents
Investments
Contributions & Grants Receivables
Loans Receivable (1)
New Markets Tax Credit Loan Receivable
Fixed Assets (2)
Other Assets
Total Assets
Cash & Equivalents : $8,319,215
Investments : $956,409
Contributions & Grants Receivables : $2,064,196
Loans Receivable (1) : $41,263,778
New Markets Tax Credit Loan Receivable : $4,454,220
Fixed Assets (2) : $9,706,874
Other Assets : $5,405,348
Total Assets: $72,170,040
Cash & Equivalents : $8,150,761
Investments : $1,003,284
Contributions & Grants Receivables : $2,892,158
Loans Receivable (1) : $37,033,687
New Markets Tax Credit Loan Receivable : $4,454,220
Fixed Assets (2) : $10,030,928
Other Assets : $5,747,780
Total Assets: $69,312,818

Liabilities & Net Assets

 

Liabilities
Accrued Expenses & Accounts Payable
Notes Payable
Total Liabilities
Net Assets
Unrestricted
Temporary Restricted
Permanently Restricted
Total Net Assets
Total Liabilities & Net Assets
 
Accrued Expenses & Accounts Payable : $2,096,722
Notes Payable : $54,341,567
Total Liabilities : $56,438,289
 
Unrestricted : $11,122,872
Temporary Restricted : $4,031,716
Permanently Restricted : $577,163
Total Net Assets : $15,731,751
Total Liabilities & Net Assets: $72,170,040
 
Accrued Expenses & Accounts Payable : $1,482,887
Notes Payable : $52,404,014
Total Liabilities : $53,886,901
 
Unrestricted : $11,589,348
Temporary Restricted : $3,259,406
Permanently Restricted : $577,163
Total Net Assets : $15,425,917
Total Liabilities & Net Assets: $69,312,818

(1) Net of Allowance for Loan Losses 2017: $2,816,708 and 2016: $3,001,078

(2) Net of Depreciation 2017: $3,822,077 and 2016: $3,127,396

Impact

 

New Clients
Number of Loans Disbursed
Amount Loaned
LiftFund Portfolio
Portfolio Servicing
Total Portfolio Under Management (1)
Active Clients
Average Loan Balance
Delinquency Rate (2)
Net Losses (3)
Cumulative to Date (1994-2017)
Clients Served
Number of Loans Disbursed
Amount Disbursed
New Clients : 700
Number of Loans Disbursed : 1,177
Amount Loaned : $29,924,472
LiftFund Portfolio : $44,080,486
Portfolio Servicing : $12,600,527
Total Portfolio Under Management (1) : $56,681,013
Active Clients : 2,683
Average Loan Balance : $21,126
Delinquency Rate (2) : 3.69%
Net Losses (3) : 4.93%
 
Clients Served : 14,287
Number of Loans Disbursed : 19,762
Amount Disbursed: $270,886,703
New Clients : 1,049
Number of Loans Disbursed : 1,178
Amount Loaned : $30,327,883
LiftFund Portfolio : $40,034,765
Portfolio Servicing : $10,830,884
Total Portfolio Under Management (1) : $50,865,649
Active Clients : 2,836
Average Loan Balance : $17,936
Delinquency Rate (2) : 5.03%
Net Losses (3) : 4.68%
 
Clients Served : 13,587
Number of Loans Disbursed : 18,585
Amount Disbursed: $240,962,231

(1) Includes LiftFund and Servicing Portfolio

(2) Delinquency Rate = Total value of outstanding loans past due more than 30 days divided by total portfolio

(3) Net Losses = Net losses for the fiscal year divided by portfolio at year end

Downloadable Financial Documents

Start typing and press Enter to search