2011 Annual Report - HDF: Housing Development Fund, Inc.

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Financial Summary 2011 ANNUAL REPORT Total Net Assets, 2001-2011 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
condensed statement of financial position AS OF JUNE 30, 2011 ASSETS LIABILITIES AND NET ASSETS Cash and cash equivalents Contributions, grants, and contracts receivable Mortgage and construction loans receivable Homebuyer assistance loans receivable Real estate acquired in settlement of loans Leasehold and other assets Assets restricted for long-term investment Agency assets TOTAL ASSETS Notes payable to banks Refundable advances on grants Accrued expenses and other liabilities Agency liabilities TOTAL LIABILITIES Net assets unrestricted Net equity in furnishings and equipment Board designated - lending Undesignated - available for operations Net assets temporarily restricted Net assets permanently restricted TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS condensed statement of activities and changes in net assets REVENUE EXPENSES Interest income - loans Interest income - investments Contracts and fees Contributions Grant revenue Forgiveness of notes payable TOTAL REVENUE Program services Management, general, and fundraising Provision for credit losses and losses on REO TOTAL EXPENSES Change in net assets Net assets, beginning of year Net assets, end of year hdf $ 3,376,895 241,908 21,189,355 5,081,869 1,518,421 700,982 428,755 13,237,529 $ 45,775,714 $ 21,445,061 600,118 506,916 13,237,529 $ 35,789,624 $ 60,819 6,951,823 1,011,356 1,533,337 428,755 $ 9,986,090 $ 45,775,714 $ 1,204,377 2011 2010 31,538 523,988 1,217,040 579,122 1,230,767 $ 4,786,832 $ 2,710,150 511,421 603,610 $ 3,825,181 $ 961,651 9,024,439 $ 9,986,090 ANNUAL REPORT 2011 $ 2,020,1 75 508,300 18,320,818 5,152,919 2,315,746 685,131 428,755 3,106,012 $ 32,537,856 $ 19,492,543 545,800 369,062 3,106,012 $ 23,513,417 $ 86,989 5,650,587 1,530,556 1,327,552 428,755 $ 9,024,439 $ 32,537,856 $ 1,160,883 18,216 815,983 1,033,839 3,908,755 - $ 6,937,676 $ 3,810,225 527,156 1,638,531 $ 5,975,912 $ 961,764 8,062,675 $ 9,024,439 25
Page 2 and 3: 2011 ANNUAL REPORT BOARD OF DIRECTO
Page 4 and 5: Foreclosure Prevention Forum Repres
Page 6 and 7: 302 families counseled by HDF this
Page 8 and 9: [ today: ] Families are uncertain a
Page 10 and 11: CREATIVE HOUSING SOLUTIONS In some
Page 12 and 13: [ today: ] The current financial cr
Page 14 and 15: THE HDF SMARTMOVE DOWNPAYMENT ASSIS
Page 16 and 17: [ today: ] Foreclosure continues to
Page 18 and 19: ARRIVING HOME HDF recently complete
Page 20 and 21: OCTOBER2010 BRIDGEPORT BUS TOUR Bri
Page 22 and 23: Celebrating the year’s successes
Page 26 and 27: STAFF Joan Carty president and chie

2011 Annual Report - HDF: Housing Development Fund, Inc.

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