NCCLF's 2012 Annual Report - Northern California Community ...
NCCLF's 2012 Annual Report - Northern California Community ...
NCCLF's 2012 Annual Report - Northern California Community ...
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Condensed Statement of Activities and Changes in Net Assets<br />
Year Ended September 30, <strong>2012</strong><br />
Unrestricted Temporarily Restricted Total<br />
SUPPORT AND REVENUE<br />
Grants and Contributions $ 3,922,812 $ 275,000 $ 4,197,812<br />
Interest and Investment Income $ 1,973,399 $ 1,973,399<br />
New Markets Tax Credit Income $ 1,027,344 $ 1,027,344<br />
Consulting and Other Fee Income $ 494,190 $ 494,190<br />
Net Assets Released from Restrictions $ 278,721 $ (278,721)<br />
TOTAL SUPPORT & REVENUE $ 7,696,466 $ (3,721) $ 7,692,745<br />
EXPENSES<br />
Program Services:<br />
Direct Lending $ 2,182,605 $ 2,182,605<br />
New Markets Tax Credit $ 283,587 $ 283,587<br />
Consulting and Training $ 974,021 $ 974,021<br />
New Program Development $ 135,184 $ 135,184<br />
Capitalization $ 326,627 $ 326,627<br />
Total Program Services $ 3,902,024 $ 3,902,024<br />
Supporting Services:<br />
Management and General $ 184,711 $ 184,711<br />
Fundraising $ 244,492 $ 244,492<br />
Total Supporting Services $ 429,203 $ 429,203<br />
Total expenses $ 4,331,227 $ 4,331,227<br />
Change in net assets $ 3,365,239 $ (3,721) $ 3,361,518<br />
Net assets, beginning of year $ 10,960,509 $ 231,803 $ 11,192,312<br />
Net assets, end of year $ 14,325,748 $ 228,082 $ 14,553,830
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