2022 Annual Report
June 30th 2021-2022
Financials
COMMUNITY LENDERS COMMUNITY DEVELOPMENT CORPORATION
STATEMENT OF FINANCIAL POSITION
JUNE 30, 2022 AND 2021
Assets
Current Assets
2022
2021
Cash and cash equivalents
$ 1,144,730
$ 1,043,613
Membership fee receivable
15,000
10,000
Loans receivable, current portion
1,432,785
1,218,370
Loans receivable -organization funded, current portion
13,710
9,385
Interest receivable
-
2,663
Prepaid expenses
430
430
TOTAL CURRENT ASSETS
2,606,655
2,284,461
Software and Equipment, net
2,060
3,537
Other Assets
Loans receivable – long-term, net
$ 47,266,989
$ 36,898,163
Loans receivable – organization funded, long-term, net
443,277
303,459
Membership fee receivable
10,000
10,000
Certificate of deposit
100,937
100,000
Cash escrows, restricted
101,584
118,329
TOTAL OTHER ASSETS
47,922,787
50,531,502
37,429,951
39,717,949
LIABILITIES AND NET ASSETS
Current Liabilities
Notes payable, current portion
$ 1,549,980
$ 1,204,699
Interest Payable
6,303
4,386
Deferred membership fees, current portion
15,000
10,000
TOTAL CURRENT LIABILITIES
1,571,283
1,219,085
Escrow fund payable
101,584
118,329
Long-Term Liabilities
Notes payable, net of current portion
48,273,523
37,871,883
Deferred membership – net of current portion
10,000
10,000
TOTAL LONG-TERM LIABILITIES
48,283,523
37,881,883
TOTAL LIABILITIES
49,956,390
39,219,297
NET ASSETS WITHOUT DONOR RESTRICTIONS
575,112
498,652
$ 50,531,502
$ 39,717,949