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