2011 ANNUAL REPORT - National Low Income Housing Coalition

Statement of Financial Position
As of December 31, 2011
2011 ASSETS
2011 LIABILITIES AND NET ASSETS
CURRENT ASSETS
Cash and cash equivalents
Investments
Grants receivable
Pledges and accounts receivable
Prepaid expenses
Deposits
Total current assets
FIXED ASSETS
Furniture and equipment
Leasehold improvements
Accumulated depreciation and amortization
Net fixed assets
OTHER ASSETS – LONG-TERM
Enterprise Community Impact Note
Contribution receivable from Remainder Trust
Total other assets – long-term
$554,578
$5,415,331
$150,000
$41,742
$9,280
$2,685
$6,173,616
$77,216
$189,541
($188,324)
$78,433
$100,000
$145,854
$245,854
CURRENT LIABILITIES
Accounts payable and accrued liabilities
Accrued salaries and related benefits
Deferred revenue
Deferred rent, current
Total current liabilities
LONG-TERM LIABILITIES
Deferred rent, net of current portion
Total liabilities
NET ASSETS
Undesignated (unrestricted)
Board-designated (unrestricted)
Temporary restricted
Total net assets
TOTAL LIABILITIES AND NET ASSETS
$56,134
$73,348
$3,705
$14,206
$147,393
$88,653
$236,046
$796,526
$5,415,331
$50,000
$6,261,857
$6,497,903
TOTAL ASSETS
$6,497,903
2011 REVENUE
Grants and contributions
Contracts
Investment income
Change in value of Charitable Remainder Trust
Membership
Event revenue
Rental income
Application and other fees
Publications
Net assets received from donor restrictions
Total Revenue
Unrestricted
$76,244
$17,500
$109,217
($16,352)
$337,848
$365,145
$4,359
$20,292
$939
$1,113,000
$2,028,192
Temporarily Restricted
$1,029,000
-
-
-
-
-
-
-
-
($1,113,000)
($84,000)
Total
$1,105,244
$17,500
$109,217
($16,352)
$337,848
$365,145
$4,359
$20,292
$939
-
$1,944,192
2011 EXPENSES
Program Services
Education
$1,994,022
-
$1,994,022
Supporting Services
Fundraising
Management and General
$207,008
$359,161
-
-
$207,008
$359,161
Total expenses
$2,560,191
-
$2,560,191
Change in net assets
Net assets at beginning of year
NET ASSETS AT END OF YEAR
($531,999)
$6,743,856
$6,211,857
($84,000)
$134,000
$50,000
($615,999)
$6,877,856
$6,261,857
Photo Credit: Momenta Creative; Little Film Studio