CAPITAL IMPACT PARTNERS AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
December 31, 2016 and 2015 |
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Assets ($ Millions) | 2016 | 2015 |
Cash and cash equivalents – unrestricted | $20,158,754 | $21,896,663 |
Cash and cash equivalents – restricted | 27,094,685 | 35,776,052 |
Accounts and interest receivable | 1,926,900 | 1,923,122 |
Contributions receivable | 6,030,676 | 852,811 |
Investments | 5,602,342 | 4,700,914 |
Investment in joint venture | – | 2,660,888 |
Mortgage Backed and US Treasury Securities | 14,185,960 | – |
Loans receivable | 206,808,453 | 180,574,691 |
Less: allowance for loan losses | (8,679,760) | (9,374,669) |
Loans receivable, net | 198,128,693 | 171,200,022 |
Loans receivable – subsidiaries | 50,497,966 | 41,854,452 |
Other assets | 1,679,807 | 2,928,996 |
Total assets | $325,305,783 | $283,793,920 |
Liabilities and Net Assets | ||
Liabilities | ||
Accounts payable and accrued expenses | $3,301,752 | $4,045,327 |
Revolving line of credit | 32,000,000 | 32,800,000 |
Notes payable | 66,710,998 | 61,250,300 |
Subordinated debt | 10,718,000 | 10,718,000 |
Bond loan payable | 28,625,536 | 5,859,705 |
Federal Home Loan Bank debt | 5,000,000 | – |
Notes payable – subsidiaries | 50,579,148 | 41,291,448 |
Total liabilities | 196,935,434 | 155,964,780 |
Net Assets | ||
Unrestricted | 103,613,255 | 101,244,487 |
Temporarily restricted | 23,269,619 | 25,097,178 |
Permanently restricted | 1,487,475 | 1,487,475 |
Total net assets | 128,370,349 | 127,829,140 |
Total liabilities and net assets | $325,305,783 | $283,793,920 |